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IPO SOLD OUT - New Progressive Lottery Game -- Seeking Players
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Trogdor Montague
Jaque Pot Holdings
#21 - 2016-05-14 18:55:00 UTC
Alright everyone, sorry for the confusion, I have all of my math ROCK SOLID, and the numbers are as how I had originally presumed:

Here's the full payout schedule.
Jackpot Prize - 1:6,909,000 - 4B 1G
1bn - 1:238,241 - 4B 0G
750mil - 1:37,549 - 3B 1G
100mil - 1:1,113 - 2B 1G
50mil - 1:1,295 - 3B 0G
10mil - 1:114 - 1B 1G
5mil - 1:42 - 0B 1G
2mil - 1:38 - 2B 0G
Overall Odds of Winning: 1:17
Prize Money Awarded 91% of Sales

Thank you virm pasuul for keeping me on my toes.

I have made a public copy of my workbook should you want to see how the maths are calculated.
https://docs.google.com/spreadsheets/d/12t9nF8jBb4zDr2ZZaoKx3LMwYkiPgP_JfKedM0IFnxY/edit?usp=sharing
Trogdor Montague
Jaque Pot Holdings
#22 - 2016-05-14 18:57:00 UTC
Cytherea Deesse wrote:
If I were you, I would remove your rl information. I haven¨t looked on your links so not sure how much info the contain, but if any personal things, then plz remove


Meh, I'm an American with a public Facebook account... I'm not too worried, the worst anyone will find is a video of me eating a McRib on YouTube... And everyone I know has already seen that anyway.
Trogdor Montague
Jaque Pot Holdings
#23 - 2016-05-14 19:05:12 UTC
As someone had suggested earlier, I have just created a chat channel for anyone with questions. Feel free to join me!

Jaque Pot Lotto
virm pasuul
Imperial Academy
Amarr Empire
#24 - 2016-05-14 23:40:55 UTC
Trogdor Montague wrote:
Alright everyone, sorry for the confusion, I have all of my math ROCK SOLID, and the numbers are as how I had originally presumed:

Here's the full payout schedule.
Jackpot Prize - 1:6,909,000 - 4B 1G
1bn - 1:238,241 - 4B 0G
750mil - 1:37,549 - 3B 1G
100mil - 1:1,113 - 2B 1G
50mil - 1:1,295 - 3B 0G
10mil - 1:114 - 1B 1G
5mil - 1:42 - 0B 1G
2mil - 1:38 - 2B 0G
Overall Odds of Winning: 1:17
Prize Money Awarded 91% of Sales

Thank you virm pasuul for keeping me on my toes.

I have made a public copy of my workbook should you want to see how the maths are calculated.
https://docs.google.com/spreadsheets/d/12t9nF8jBb4zDr2ZZaoKx3LMwYkiPgP_JfKedM0IFnxY/edit?usp=sharing


Confirming Trogdor's numbers. I used the maths from the link he posted and agree with what I have quoted of Trogdor in this post.
My method was wrong. My method included the probability of a higher win into all lower wins.
e.g. a the odds of a jackpot were included in the odds of all lower wins when the jackpot is only paid out on a jackpot but it also satisfied the requirements of a lower win so raised the chance of that lower win.
Apologies for sticking my oar in, munching a large portion of humble pie over here.
In my defence I did say probability maths was hard :)

I'd like to think that if there is something positive to take from this erroneous intervention is that Trogdor's maths was questioned and stood up. Also Trogdor took the challenge with good grace which speaks well of his/her character. One of the most obvious signs of a scammer on MD is when they react badly/immaturely to any form of question or criticism. Trogdor did not react the way I expect a scammer would.
Cista2
EVE Museum
#25 - 2016-05-15 05:18:10 UTC
How will you advertise your lottery?

My channel: "Signatures" -
Trogdor Montague
Jaque Pot Holdings
#26 - 2016-05-15 22:22:49 UTC
Cista2 wrote:
How will you advertise your lottery?


This, honestly, is the part I have spent the lest time thinking about.

One of my hopes was that rather than having 3 or 4 large investors, that I could attract dozens, or even hundreds of small investors. Each investor would have a stake in the success of the lottery and would therefore encourage their friends and corp members to start playing.

I also plan to host the drawing as part of a YouTube Live Stream, with a hopeful long-term plan to offer more than just the drawing, but potentially a news or talk show to go with it. Such a program could be good for our players, to make "New Eden News" easier to digest than the blog and forum posts, would promote the lottery to the viewers, and potentially expose new people to the universe on regular intervals rather than just when we have a B-R5RB or World War Bee size event.

I am open to looking at the costs of advertising in places such as Eve Online Hold Em, I Want ISK, and EVE Bet... In fact, I'd love to have folks from those sites invest and perhaps take board positions on this venture.

I'm sure spamming Jita isn't worth any time Blink
Cista2
EVE Museum
#27 - 2016-05-16 05:29:01 UTC
Trogdor Montague wrote:

I'm sure spamming Jita isn't worth any time Blink

Why not?

My channel: "Signatures" -
Trogdor Montague
Jaque Pot Holdings
#28 - 2016-05-16 14:06:07 UTC
Cista2 wrote:
Trogdor Montague wrote:

I'm sure spamming Jita isn't worth any time Blink

Why not?


Do people go for it?

I'll gladly leave Jaque Pot docked up lthere and spam away if it really helps
Trogdor Montague
Jaque Pot Holdings
#29 - 2016-05-16 21:12:22 UTC
Potentail Buyer asked me to remove his name before sharing, I think this answers a lot of questions that are out there... The 20 share transaction is completed

Potential Buyer-A few questions, thinking about investing
Jaque Pot-ok, cool
Potential Buyer-First, about how much profit total will be made per jackpot, the whole 9%.
Jaque Pot-that's really hard to say.... simply because the Jackpot isn't a guaranteed prize every week.
Jaque Pot-based on the law of averages, we should pull a jackpot winner with roughly every 6.9m tickets sold
Jaque Pot-we should average 30isk per share, per ticket sold
Jaque Pot-so, by the time a Jackpot winner is "due" to hit, there should be 207million isk per share in profits
Jaque Pot-now, I should state, that this is an extremely safe assumption... and the Jackpot payouts do not come from this pool of profits
Potential Buyer-That's assumming 6.9 trillion isk is spent on a single jackpot
Potential Buyer-Quite tempting
Jaque Pot-right. The toughest thing that I think people have been struggling with is that this is a lotto... NOT a raffle.
Jaque Pot-in drawing 1, if you buy ticket 2,4,15,16-5, you only have that ticket for that one drawing
Potential Buyer-No gaurunteed winner
Potential Buyer-Suggest you make a website that is easy to advertise as well as input tickets
Jaque Pot-HOPEFULLY, our jackpot gets huge, like, hundreds of plex huge, and players play rediculous amounts of tickets
Potential Buyer-Well you first need to streamline ticket purchasing
Jaque Pot-I WANT people to win A LOT of isk, that is our best advertising. I can be totally fair and upfront, and tell everyone extactly how much is coming in, and how much is paid out.
Jaque Pot-with scale, our 9% will add up
Potential Buyer-Theres one thing in wanting people to know they can win, and convincing them.
Potential Buyer-But I can see you genuinely want to start this venture
Potential Buyer-I am assumming if this gets off the ground there will be no more investment opportunity?
Jaque Pot-I agree, ticket sales should be easy. I was thinking it may be smarter to wait until I have 2 or 3 successful draws before doing all the code to automate, but long term that would be the plan
Jaque Pot-I don't see a need to sell additional shares, but I am verry willing to accomodate my own "stock market" if you will for others to buy and sell as they please
Jaque Pot-If more shares were to be issued, it would have to go before a vote of all existing shareholders first
Potential Buyer-I do like your lotto style approach, it hasn't been done here before
Jaque Pot-As I said in the forum, the weakest part of my plan is in the marketing... I need a solid, concrete way of attracting players
Jaque Pot-My hopes is that shareholders would step up and offer advice or be willing to put some time into badgering friends and corp members into playing..
Jaque Pot-Again, I can't guarantee, but based on averages, you should earn 30isk per ticket sold, regardless of how much is won or lost
Potential Buyer-Also, at 6.9 million tickets sold, there is only a 63% of someone winning so most likely more will be sold
Jaque Pot-If we sell 33,334 tickets, you have reagained your investment and then some... That's without considering any potential donations, dividend payouts from other corps we have stake in, or my taxes that are being donated
Jaque Pot-right
Jaque Pot-here's the only 2 MAJOR risks.
Jaque Pot-1. a ton of people buy the same ticket number, and that one number hits a big prize... 2. Back to back Jackpots hit
Potential Buyer-The problem with your odds and ticket price is that you would need either a ton of people to buy or a few to throw in a ton of money
Jaque Pot-That's why I was hoping my IPO would build a reserve tank capable of paying out 10 jackpots back to back.
Jaque Pot-if that ever happens, I'm quitting Eve forever
Jaque Pot-I'd recomend reading sections 5 and 8 of this:http://corporate.jaquepot.com/bylaws
Jaque Pot-it explains how the IPO funds are treated, how dividends are paid, and implies how the "backup funds" are depleated or replenished as needed
Jaque Pot-I have a feeling that after our first two jackpots hit, the shareholders will vote to reduce the backup fund reserve to 5x Minimum Jackpot, and everyone will get a huge payday from it
Potential Buyer-Will investing only close and drawings begin once all 1500 shares are sold?
Jaque Pot-No, my first drawing is scheduled for 2016.06.02 at 00:00 on a yet undisclosed YouTube channel
Potential Buyer-Will you be putting any money of your own into this?
Potential Buyer-I don't doubt you are legitamate, only that you have a vested interest in keeping this running
Jaque Pot-I'm taxing myself at 5% and will not change that unless voted on. I took 50% of the shares first, to protect the company from those I can't trust, but also because I expect to be doing all of the work. I have already gifted 100 of my 1500 shares to a
Jaque Pot-RL friend who introduced me to the game
Jaque Pot-My interest in keeping it alive is that THIS is my PVP... I'm a lover, not a fighter
Jaque Pot-I'm a business nerd, and wanted to build something cool
Potential Buyer-Fellow business nerd, I like it. How do I purchase 10 shares?
Jaque Pot-Also, I'm a video producer IRL, and may expand the JaquePot Youtube channel to something awesome that could pay off in the future for me
Potential Buyer-Screw it, make it 20.
Jaque Pot-Just confirming your price per share... one moment
Jaque Pot-details in mail. Do you mind if I share this convo on the forum post?
Potential Buyer-See I would say censor the picture and name
Potential Buyer-But I don't know if you'd lose credibility
Jaque Pot-that's fine. I'll remove that.
Potential Buyer-Alright thanks
Potential Buyer-If you need someone to vouch, hit me up
Trogdor Montague
Jaque Pot Holdings
#30 - 2016-05-17 13:51:28 UTC
Shares have been selling!

There are 1368 shares outstanding.

It should also be stated that there is no problem with investors also playing the lotto.

To invest in shares, Give Money to Jaque Pot in increments of 10,000,000.

To purchase game tickets, Give Money to Jaque Pot Holdings in increments of 1,000,000.



We will be announcing our YouTube channel before the end of the week.
Trogdor Montague
Jaque Pot Holdings
#31 - 2016-05-17 14:26:00 UTC
You can keep track of our latest news here in the forums, on our website http://corporate.jaquepot.com, via RSS at http://corporate.jaquepot.com/rss.xml, or by joining our in-game chat "Jaque Pot Lotto".
Solonius Rex
Federal Navy Academy
Gallente Federation
#32 - 2016-05-18 00:08:46 UTC
Trogdor Montague wrote:
Shares have been selling!

There are 1368 shares outstanding.

It should also be stated that there is no problem with investors also playing the lotto.

To invest in shares, Give Money to Jaque Pot in increments of 10,000,000.

To purchase game tickets, Give Money to Jaque Pot Holdings in increments of 1,000,000.



We will be announcing our YouTube channel before the end of the week.

So I guess that's a no for me being on the board?
Trogdor Montague
Jaque Pot Holdings
#33 - 2016-05-18 01:59:19 UTC
Solonius Rex wrote:

So I guess that's a no for me being on the board?


Sorry, totally miseed your reply. I'd gladly put you up for consideration. What duties are you willing to take on? Please note that our bylaws do require board members to hold a minimum number of shares and they do not receive any compensation other than the dividends earned by their shares.
Solonius Rex
Federal Navy Academy
Gallente Federation
#34 - 2016-05-18 07:20:09 UTC
Trogdor Montague wrote:
Solonius Rex wrote:

So I guess that's a no for me being on the board?


Sorry, totally miseed your reply. I'd gladly put you up for consideration. What duties are you willing to take on? Please note that our bylaws do require board members to hold a minimum number of shares and they do not receive any compensation other than the dividends earned by their shares.


How many shares, and what duties you got?
Hauler Vespori
Hedion University
Amarr Empire
#35 - 2016-05-18 11:53:31 UTC
Solonius Rex wrote:
Trogdor Montague wrote:
Solonius Rex wrote:

So I guess that's a no for me being on the board?


Sorry, totally miseed your reply. I'd gladly put you up for consideration. What duties are you willing to take on? Please note that our bylaws do require board members to hold a minimum number of shares and they do not receive any compensation other than the dividends earned by their shares.


How many shares, and what duties you got?

I second these questions.

I am interested in getting on board with this.

Are there any protections in place should the venture fail? Or a payback should you decide to close shop?

Also I would be willing to supply my RL knowledge of psychology and advertising if that is desired (and the amount of shares i "need" to get to be on the board is reasonable for me)
Trogdor Montague
Jaque Pot Holdings
#36 - 2016-05-18 14:10:01 UTC  |  Edited by: Trogdor Montague
At this point, I really am looking for more funds. Board Members must hold a minimum of 10 shares while they are serving, must be members of, or have an alt member of the corp, submitting 5% market taxes to the corp.

I'm not willing at this point to open up the wallet to others, but if you can assist with sales or marketing efforts, or have a reputation that would bring more investors I'd gladly take it.

As for guarantees, our latest shareholder Cista2 and I had a lengthy discussion about this yesterday. My plan was to keep running until the shareholders vote to close down. At the time of shut down, I would pay all of the funds in the corp, as dividends, splitting whatever is there at a rate relative to shares held. I would also distribute my shares across all shareholders before making the payment, so I'm not taking money out where I didn't put any in.

Cista2 had suggested that I guarantee to buy back shares at any time at the IPO price, and while I understand why this would be desirable for investors, there is a chance, albeit a slim chance, that the corp won't have all the money we need should everyone dump shares at the same time. Cista2 has convinced me not to worry, so until further notice, assume that you can dump your IPO shares at IPO price... But keep in mind that this business is built as a frequent, high-dividend payer, and doesn't hold profits for long. Therefore, especially immediately following dividend payouts, we may not have enough cash in the bank to guarantee an immediate, full payout for all shares.

My hope is that this venture is big enough and successful enough that the value of shares goes up, and we have an active stock market of sorts... I have the feeling that taking the IPO price to get out of the venture is NOT going to be the best deal for you, the investor.
Trogdor Montague
Jaque Pot Holdings
#37 - 2016-05-18 14:29:48 UTC
50 more shares gone to an anonymous investor

1318 remain at IPO price
Trogdor Montague
Jaque Pot Holdings
#38 - 2016-05-18 17:08:04 UTC
224 shares sold

1094 remain
Harrigan Raen
#39 - 2016-05-19 00:24:31 UTC
Interested in investing, however has anyone done a 3rd party audit on you, to make sure this is all on the up and up?
Trogdor Montague
Jaque Pot Holdings
#40 - 2016-05-19 00:30:14 UTC  |  Edited by: Trogdor Montague
Harrigan Raen wrote:
Interested in investing, however has anyone done a 3rd party audit on you, to make sure this is all on the up and up?


What would you like to audit? I'm prettty much an open book. If you check out http://corporate.jaquepot.com/bylaws, the wallet API for the corp is publicly available.

In-game right now at the Jaque Pot Lotto chat room