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iCandy - NSA IPO- 25b (Amended payment schedule added)

Author
Candy Oshea
Techfree Investment Group
#1 - 2011-09-12 23:00:33 UTC  |  Edited by: Candy Oshea
iCandy Bonds


Greetings Fellow MD investors!


Today we launch the NSA IPO.Bear

~The Details~

I have finally managed to broker a major supply agreement with a nullsec alliance. It has taken me years to make the agreement plausible.

The alliance in question has just settled into a new area & are expanding rapidly, and is busy defending it, they simply haven;t the time to be in jita shopping to fill the markets.

It works by using a Kanban system, developed using the new api & the local nullsec market. (Secret)

The kanban system automatically updates a google doc that i have access to, so i simply check the document, place orders & Have my freighter alt (No corp, no risk) ship it to the jump in point (highsec), contract to nullsec alliance jump couriers & away they go.

The payments are made to me via the Jump courier, i mark up 5% on top of what i buy it for, the jump courier pays me, i pay investors.

* IPO total = 25b
* Matched by my assets/liquidity = 25b http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1518564&page=2#50
* Amount of Shares to be issued = 500
* Amount of shares held by Techfree = 500
* Price/face value per Share = 50m
* Term/Share buyback, max 2 months, the nullsec alliance has agreed to a minimum of a month's worth of supply.

Payment Schedule:
The profits are to be 5% minimum per batch (as stated in the OP), the profits are then split 50/50, 50% of profits goto the share holders, 50% is held by the business & re-invested in products, less expenses of course. (there maybe upto 20 batches per month)

the first batch for e.g.
- 10 fitted rapiers,
- 10 fitted lachesis,
- 100 fitted abbadons. etc etc.
- faction/tech 2 ammo, drones.

the kanban system is setup to match the alliance's fleet doctrines, to ensure fitted/unfitted ships are available to match the doctrines. so they get into a fleet fight & everyone buys a new abbadon, the kanban system red flag's abbadons & i supply them next batch, then dispense profits via the dividend system

little more about me
* Previous Bonds - http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1483907
* http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1499914
* http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1518564

Happy to answer your questions & laugh at the trolls.

Reserve List


Investors/General Public are welcomed to join my Mailing list ( " iCandy " ) for constant updates on the bonds.

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

TornSoul
BIG
#2 - 2011-09-13 08:29:21 UTC
From http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1518564
Quote:

i'm in the process of recycling my collateral for iCandy #3.

Yet I see no collateral offered here as such - Just a stated value of your NAV.

Change of plans?



Your last bond was for 8%, but only 3% this time around?

How come?

And of course 3% on an un-collateralized bond is very low.
(I'm reading it as being un-collateralized - I could be wrong)



Also - Why are you calling it an IPO if the "term, max 2 months" is true?
In that case it's just another bond.



I'm tentatively putting 5-10B aside for you, but much will depend on the answers to the above, and further info on the payment schedule.


Candy Oshea
Techfree Investment Group
#3 - 2011-09-13 09:28:09 UTC  |  Edited by: Candy Oshea
HI TornSoul,

TornSoul wrote:
From http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1518564

Yet I see no collateral offered here as such - Just a stated value of your NAV.

Change of plans?



This was 4 months ago, At the time i was getting my bpo library researched by VV, and sold some of it & re-bought some. I do have some collateral available, however it is going to be liquidated in order to maximize profits of my new venture. Expect to see a new sales thread with some Battleship BPO's in it soon.

TornSoul wrote:

Your last bond was for 8%, but only 3% this time around?

How come?

And of course 3% on an un-collateralized bond is very low.
(I'm reading it as being un-collateralized - I could be wrong)


Yes, im aware of the rate is very low Sad but if im going to do this publically, i want to make some isk out of the 5% mark-up

TornSoul wrote:

Also - Why are you calling it an IPO if the "term, max 2 months" is true?
In that case it's just another bond.


yes it is an IPO, when the "term" is over, i will initiate a share buyback. the flexibility of a IPO is what appeals to me, in particular the term.

I also put in a term, as some may not know that an IPO, wont give isk back untill a buyback in initated.

TornSoul wrote:

I'm tentatively putting 5-10B aside for you, but much will depend on the answers to the above, and further info on the payment schedule.


updated payment schedule in OP.

Cheers for the gesture, i hope I have answered your questions. if you have any more please ask Bear

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Atima
Inevitable Outcome
E.C.H.O
#4 - 2011-09-13 09:49:57 UTC  |  Edited by: Atima
Promise me you will buy yourself some food with all that isk. You're wasting away girl!
Magnu Stormhawk
#5 - 2011-09-13 09:50:35 UTC
I think you should reclassify this as a bond to save confusion. There is no equity growth and no profit sharing element to what you are offering.

It looks like a very big, very low interest, uncollateralised loan to me.
Candy Oshea
Techfree Investment Group
#6 - 2011-09-13 10:09:31 UTC  |  Edited by: Candy Oshea
Magnu Stormhawk wrote:
I think you should reclassify this as a bond to save confusion. There is no equity growth and no profit sharing element to what you are offering.

It looks like a very big, very low interest, uncollateralised loan to me.


yes, your quite right, except a bond always has a defined end date, where as this i don't. /me shrug.

The Deal with the nullsec alliance was brokered using my own holdings, expanding my own holdings by offering this "bond" offering " IPO" will not effect my income stream forecast negatively. I just thought it maybe a good little earn for some MD folks Bear

Atima wrote:
Promise me you will buy yourself some food with all that isk. You're wasting away girl!


+1 like.

these new forums are horrible, my avatar is bigger here What? may have to redo it

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Magnu Stormhawk
#7 - 2011-09-13 10:24:59 UTC
Candy Oshea wrote:
Magnu Stormhawk wrote:
I think you should reclassify this as a bond to save confusion. There is no equity growth and no profit sharing element to what you are offering.

It looks like a very big, very low interest, uncollateralised loan to me.


yes, your quite right, except a bond always has a defined end date, where as this i don't. /me shrug.



Fixed term is a common property of bonds, granted, but it's not what makes it a bond. However the key thing about IPO's is selling ownership of the business and its profits (whether distributed or retained). As you are not doing this, I see no reason why it should be referred to as an IPO.

Good luck anyway. I have some ISK burning a hole in my pocket but the rate combined with lack of collateral doesn't suit me.
Block Ukx
420 Enterprises.
#8 - 2011-09-13 10:51:40 UTC


Like Magnu Stormhawk already pointed out, this offer has all the elements of an uncollateralized bond not a share offer.

The “share” structure is not very clear. It looks like this is a 50 B offer where you are purchasing half of the offer (25 B) and selling the remaining 25 B to the public. Is that the case?

Since you are getting paid on delivery, do you really need 50 B to supply the alliance? How much ISK is a one month’s worth of supply?
What happens if the alliance does not deliver its promise? Are you willing to pay investors two months’ worth of interest?

During the buyback, will you required investors to return the shares or are you planning to use the share mechanism for the buyback?
Candy Oshea
Techfree Investment Group
#9 - 2011-09-13 22:45:27 UTC  |  Edited by: Candy Oshea
Block Ukx wrote:


Like Magnu Stormhawk already pointed out, this offer has all the elements of an uncollateralized bond not a share offer.

The “share” structure is not very clear. It looks like this is a 50 B offer where you are purchasing half of the offer (25 B) and selling the remaining 25 B to the public. Is that the case?


correct the offering is as per the OP.

Block Ukx wrote:

Since you are getting paid on delivery, do you really need 50 B to supply the alliance? How much ISK is a one month’s worth of supply?


50b is a drop in the ocean, a 100 Vs 100 fleet fight usually tops this amount. given its a new area for these guys, the whole market needs to be seeded.

No-one in this nullsec alliance produces/manufactures anything other than supers & titans. it all comes from Jita.

the players that do the jump freighter runs are all corp ceo/director alts & they simply haven't the time to goto Jita every other day to buy things.

Block Ukx wrote:

What happens if the alliance does not deliver its promise? Are you willing to pay investors two months’ worth of interest?


Nothing, the products on the kanban list can easily be sold at a profit margin in Jita/other hub, in fact if the mark-up is less than the margin i will likely just flip the items for profit untill the margin closes.

Other avenues are to produce as much as i can using my production team will increase margins further.

Block Ukx wrote:

During the buyback, will you required investors to return the shares or are you planning to use the share mechanism for the buyback?


I will require shares to be returned before payments go out. will likely engage a 3rd party to handle this.


Magnu Stormhawk wrote:

Fixed term is a common property of bonds, granted, but it's not what makes it a bond. However the key thing about IPO's is selling ownership of the business and its profits (whether distributed or retained). As you are not doing this, I see no reason why it should be referred to as an IPO.


Actually i am doing this, the profits are to be 5% minimum per batch (as stated in the OP), the profits are then split 50/50, 50% of profits goto the share holders, 50% is held by the business & re-invested in products, less expenses of course.

the first batch for e.g.
- 10 fitted rapiers,
- 10 fitted lachesis,
- 100 fitted abbadons. etc etc.
- faction/tech 2 ammo, drones.

the kanban system is setup to match the alliance's fleet doctrines, to ensure fitted/unfitted ships are available to match the doctrines. so they get into a fleet fight & everyone buys a new abbadon, the kanban system red flag's abbadons & i supply them next batch.

Splitting the profits at the end of a delivery would probably make more sense to you finance eggheads.

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

TornSoul
BIG
#10 - 2011-09-14 15:36:05 UTC
FYI/FWIW : I'm no longer interested in putting ISK into this venture.

Main reason being the slightly hazy and edited/amended details of the payout structure.
Combine that with the low 3% - and my interest has waned. Sorry.

Good Luck though.

Elise DarkStar
Garoun Investment Bank
Gallente Federation
#11 - 2011-09-14 16:04:24 UTC
Hey, 750m a month is a lot to pay for rep-grinding up to your big cash-in scam at ~40b, especially if it all doesn't go as planned.

3% seems like a perfectly reasonable number in this case.
Candy Oshea
Techfree Investment Group
#12 - 2011-09-14 22:26:31 UTC
TornSoul wrote:
FYI/FWIW : I'm no longer interested in putting ISK into this venture.

Main reason being the slightly hazy and edited/amended details of the payout structure.
Combine that with the low 3% - and my interest has waned. Sorry.

Good Luck though.



No worries champ.

Elise DarkStar wrote:
Hey, 750m a month is a lot to pay for rep-grinding up to your big cash-in scam at ~40b, especially if it all doesn't go as planned.

3% seems like a perfectly reasonable number in this case.


As much as you try, you will never be in Misty/Jerry's league. Roll

---

And with that i will close this offering & use my own funds to get this going.

I agree the ambiguity of the offering & the perceived "low" interest rate (even though its 3% per batch Up to 20 payments per month) has turned off investors.

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Elise DarkStar
Garoun Investment Bank
Gallente Federation
#13 - 2011-09-15 00:25:02 UTC
Yeah, I'm just "trolling" here. Keep telling yourself that.

Too bad your greed got the best of you here I suggest waiting a bit then cashing out at like 20b with a nice fat % to draw everyone in with. I doubt you'll ever make that coveted 40b+ scam now, though ~20b is nothing to sniff at.

Best of luck.
Candy Oshea
Techfree Investment Group
#14 - 2011-09-15 01:56:41 UTC
Elise DarkStar wrote:
Yeah, I'm just "trolling" here. Keep telling yourself that.

Best of luck.


Its only natural to be envious of someone who has more than you, i understand, its p cool that you vent your rage at being spacepoor by striking out on a spaceship forum.

best of luck with that ~

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Elise DarkStar
Garoun Investment Bank
Gallente Federation
#15 - 2011-09-15 03:03:28 UTC
I've got far more than 25b.

You must think very little of your marks here if you hope that such a weak deflection would work. Probably best to just pipe down or you'll ruin any chance at coming away with a noteworthy scam haul.

I retract my goodwishes.
Arancar Australis
Dead Sun Rising Enterprises
#16 - 2011-09-15 14:32:41 UTC
Candy Oshea wrote:
TornSoul wrote:
FYI/FWIW : I'm no longer interested in putting ISK into this venture.

Main reason being the slightly hazy and edited/amended details of the payout structure.
Combine that with the low 3% - and my interest has waned. Sorry.

Good Luck though.



No worries champ.

Elise DarkStar wrote:
Hey, 750m a month is a lot to pay for rep-grinding up to your big cash-in scam at ~40b, especially if it all doesn't go as planned.

3% seems like a perfectly reasonable number in this case.


As much as you try, you will never be in Misty/Jerry's league. Roll

---

And with that i will close this offering & use my own funds to get this going.

I agree the ambiguity of the offering & the perceived "low" interest rate (even though its 3% per batch Up to 20 payments per month) has turned off investors.



Some of us were still interested Sad