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Shares.
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Xanato Kaso
Frozen Flames
#1 - 2014-08-12 22:55:24 UTC
What are the purpose of shares? I have noticed some people sell shares to their corporations and pay dividends and such like in real life. How does this mechanic work? Is it based off of trust similar to loans? Are they just fluff?

Please be respectful and constructive in your posts. If someone will start a convo with me ingame and spend some time and answer all my questions or if they write a detailed post explaining these mechanics I will be more than glad to give you some ISK for your time.
Elizabeth Norn
Nornir Research
Nornir Empire
#2 - 2014-08-12 23:48:48 UTC
They're still trust-based like a loan, but it can save some effort in knowing how much to pay to each investor. They are also used in corporation votes, including changing the CEO, though you need to be in the corp to vote.

https://wiki.eveonline.com/en/wiki/Shares

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Sabriz Adoudel
Move along there is nothing here
#3 - 2014-08-13 01:50:09 UTC
The main purpose of shares is to steal desired roles and all of the assets of a corporation, by engineering a situation where you and your co-conspirators control 50%+1 of the shares.

They also have some other fringe uses as Elizabeth stated, but a dilligent CEO will always, always keep 100% control of shares in any corporation with non-trivial assets.

If you want to use shares to know how much to pay investors, you should set up a dummy corporation with no assets, distribute shares in the dummy corp, and then have the real corporation pay money into that dummy corporation that is immediately, 100% distributed to the shareholders. Do not leave it in the corp wallet for even a minute.

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Koniforous
Tauren Transit
#4 - 2014-08-13 02:15:28 UTC
Sabriz Adoudel wrote:
If you want to use shares to know how much to pay investors, you should set up a dummy corporation with no assets, distribute shares in the dummy corp, and then have the real corporation pay money into that dummy corporation that is immediately, 100% distributed to the shareholders.

Sabriz says a lot of ridiculous things, this little bit here is important, however.

Read the link that Norn posted, it says everything you need to know. If you will be using shares, use them from a dummy corp who's only member is you and/or your alts, EVER. Things get tricky once you let share holding pilots into the corp that owns the shares.

TAUTX: Private Bank & Lending

TAUTX: Collateral Liquidation / Discount Items
Xanato Kaso
Frozen Flames
#5 - 2014-08-13 02:36:40 UTC
I appreciate all the feedback and will be making a dummycorp posthaste. I planned on doing fundraising within my corp using shares but with all of the info provided I will change my plans accordingly.
Antoine McKenna
Ancestral Eye
Olde Guarde Historical Preservation Society
#6 - 2014-08-13 02:58:20 UTC
Sabriz Adoudel wrote:
The main purpose of shares is to steal desired roles and all of the assets of a corporation, by engineering a situation where you and your co-conspirators control 50%+1 of the shares.

They also have some other fringe uses as Elizabeth stated, but a dilligent CEO will always, always keep 100% control of shares in any corporation with non-trivial assets.

If you want to use shares to know how much to pay investors, you should set up a dummy corporation with no assets, distribute shares in the dummy corp, and then have the real corporation pay money into that dummy corporation that is immediately, 100% distributed to the shareholders. Do not leave it in the corp wallet for even a minute.


It is not even necessary to control 50%+1 of the total shares. You just have to control 50%+1 of the shares THAT VOTE.

Just wait for the CEO to be on a business trip or vacation, call for vote, profit.
Cista2
EVE Museum
#7 - 2014-08-13 06:24:36 UTC  |  Edited by: Cista2
Afaik it is not a problem to have assets in your corp and not have control of your shares.

It only becomes a problem if there are other people in your corp who could possibly want to steal it from you.

Correct me if I am wrong, but a 1-man corp cannot be taken over and thus you don't need to create yet another corp if you want to use shares as a tool.

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Xanato Kaso
Frozen Flames
#8 - 2014-08-13 13:20:51 UTC
Cista2 wrote:
Afaik it is not a problem to have assets in your corp and not have control of your shares.

It only becomes a problem if there are other people in your corp who could possibly want to steal it from you.

Correct me if I am wrong, but a 1-man corp cannot be taken over and thus you don't need to create yet another corp if you want to use shares as a tool.


It is not a one man corp.
Alex Grison
Grison Universal
#9 - 2014-08-16 00:14:21 UTC
Sabriz Adoudel wrote:
The main purpose of shares is to steal desired roles and all of the assets of a corporation, by engineering a situation where you and your co-conspirators control 50%+1 of the shares.

They also have some other fringe uses as Elizabeth stated, but a dilligent CEO will always, always keep 100% control of shares in any corporation with non-trivial assets.

If you want to use shares to know how much to pay investors, you should set up a dummy corporation with no assets, distribute shares in the dummy corp, and then have the real corporation pay money into that dummy corporation that is immediately, 100% distributed to the shareholders. Do not leave it in the corp wallet for even a minute.


If you can't set up a system to tell you how much to pay your investories. You have probably been reclaimed by the mangus and your brain stem has been replaced with tuna.

yes