Market Discussions

Talk about rolling up late to the party...

Evemail me who is interested in selling shares of:

PI - T2 - Minerals.


How does it works for the easy found? is it still open or not?

Any thoughts about letting people trade in the BSAC Stock Exchange?


I think an API update service is all your need.

Update

An event happened to my life that will heavily affect my ability to play EvE in the coming months.
As I have explained on SCC Lounge, the decision my country took to implement a very punitive Tobin Tax is going to hinder my ability to live off trading, something I need since I am otherwise perma-unemployed.
While discussing about that on a national forum, I have been offered a very nice job overseas. I have also been assured I'll still be allowed to trade.

Now, the deal is 80% sealed and the project I am to take part of starts at the beginning of January. Therefore I have about a month to pack my home, close my bank accounts and everything boreaucracy related (very long and complex here) and move.
Once I'll land there, I will have to find an house, install phone and internet and so on, while also going at the new work.

This will seriously impair my ability to manage the funds and the exchange in the coming months, expecially in this year of lackluster expansions (markets effects speaking).

Therefore - and not without a pain fit - my desire to preserve the Investors best interests pushes me to appeal to the IPO chapter 8 article 4:

"VAHFT may force buyback of shares at their nominal value (in example, in case of Funds shutdown or downsizing)" and suspend the funds and exchange operation, effective today.

It's a pain fit because this is a project I had really put a lot of effort into and it was yielding results exceeding my expectations: in about two weeks of effective trading I have achieved up to 5% profit in my preferred fund (MINBSK).

Please re-read it slowly: if I had a full trading month this means a potential +10% profit in a month... in a sizable portion of a 100B investment! Never before I have heard of (legitimate) bonds / IPOs to perform that much and the funds started late enough to appear being at a disadvantage and in a mediocre year!

This immensely pleased me and I hope it will please your wallet when you'll get the dividends.

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How the shares buyback will work:

- I will personally reimburse out of my own money not just face value, but full VEMEX market value to those who bought shares after the IPO launched (that is only those who had zero shares at day 1).
- The Market Makers will retain the 400M I have given each of them as discount on their purchase. This means Market Makers have basically made 4% in one month plus the regular fund dividends. IE 9% made in 15 days of effective trading of mine for their MINBSK shares.
- The dividends will cover all the NAV past 100B, therefore the shares will be valued at face value (expecially relevant to ESYFND shareholders).
- I will take a while to shutdown the whole running machine. Some assets are hard to liquidate so I planned a phased ISK restitution to Investors (suggestions are welcome!).

Phases:

1) ISK restitution to post-IPO shareholders.
2) ISK restitution to Investors who will explicitly EvE-mail me (do it fast please!) they immediately want their ISK back. I reserve the right to decide how many to liquidate and their priority, I will factor in the other Investors in the exit strategy.
3) ISK restitution to the easiest liquidated funds share holders.
4) ISK restitution to the rest.

I anticipate the first 3 points to be delivered with the dividends coming the beginning of December.
The fourth will take 1+ months. During this time I will:

- Keep buying back the shares as stock gets liquidated.
- Effectively convert the remaining stock NAV into a series of bonds, each paying an interest rate equal to how much the related funds performed. I.e. if a fund yielded a 3% dividend, then I will keep paying 3% a month till its NAV is completely liquidated.
- Buy backs will happen ASAP, that is not just at the end of the next month(s). I will pay pro-rated interests for the fractional parts of the months. Example: if a fund yielded 3% and I give back ISK at the middle of the next month, I will pay middle of 3% interests = 1.5%.

Sorry to learn that you'll be taking another break from Eve. Hopefully you'll be settled soon, and back in action. Best of luck in your new job.

I had intentions of investing in this project for long term, but now that it is closing I would appreciate if I could get my funds at your earliest convenience. Am in desperate need for ISK for further patch speculation before the opportunity vanishes.

I will of course understand if there are difficulties in doing this.

Regards

VAHFT Funds Performance Statement

Here are the results of about 2 weeks of funds activity (one week was needed to get ISK from Investors and acquire assets).

NAV

NAV at funds launch.

Since an Investor pulled his commitment at the last minute, 1B remained unallocated under a special "Fund Management" placeholder Investor name.

The screenshot also shows the ESYFND assets allocation.

NAV at funds foreclosure

In about 2 weeks, more than 5B were made, but broker fees reduced the profit to about 4.05B. All the numbers are reported net of broker fees.

Dividends calculated for all the funds.

The screenshot above shows the dividends per share for each fund.

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Performance

The following screenshots show the gross profits for all the traded stocks. Gross profit means broker fees were not subtracted (the software does not do that).
For maximum transparency sake I am going to post the "uncensored" screenshots showing the stocks I traded and the full numbers.

Top traded items.
Minerals have been the most traded of all, followed by T2 and PI.


Trade efficiency 1 of 2.
The decimal numbers represent the efficiency. I.e. 0.43 next to Chromium means that Chromium has been sold with a 43% gross profit.

Trade efficiency 2 of 2.
This is the second page showing the next items in the profit % list.

Items and markets.
This shows that I did all the selling in Jita. The buys instead were also made in Lonetrek, Sinq Liason and Rens.

Time distribution.
This shows the stock sales per hour and per day of the week.

Public Investors restitution tracker

Here is the list of the Investors who got fully reimbursed of their investment plus dividends. If you see your name here, it's because I consider to have completely processed your investment. If you believe ISK are missing please contact me quick!

This list only includes public, IPO investors. The ones who purchased shares past the IPO launch are not public by default, if they desire to appear in this list please send me an email authorizing me to publish your name.

Here are the dividends percentages due, split by fund:

ESYFND: 4%
MINBSK: 5.02%
ICEBSK: 2.07%
T2BSK: 2.81%
PIBSK: 4.03%


Investors reimbursed

Horatio Astrates => All shares plus dividends plus special reimbursment.
E. L. => All shares plus dividends plus special reimbursment.
Desargues Investments Ltd. => All shares plus dividends and open transactions.
Irken Slushk => All shares plus dividends plus special reimbursment.
Samroski => All shares plus dividends.
Nanatoa => All shares plus dividends.
Grendell => All shares plus dividends.
TornSoul => All shares plus dividends.
Jadun => All shares plus dividends.
Vargan Armer => All shares plus dividends.
Arancar Australis => All shares plus dividends.
PlanetCorp InterStellar (Val'Dore) => All shares plus dividends.
Rhat Dakota => All shares plus dividends.
Rebecca Cairn => All shares plus dividends.
Grombutz => All shares plus dividends.
Dean Ozuwara => All shares plus dividends.
V'en => All shares plus dividends.
Towaoc => All shares plus dividends.
Graygor => All shares plus dividends.
Huttan Funaila => All shares plus dividends.
Kama Sutramax => All shares plus dividends.
Elegbara => All shares plus dividends.
Amallya Trueshot => All shares plus dividends.

All the Investors should have been refunded in full.

Isk received, thank you VV.

I understand you must be swamped with work right now VV. So you can process me last if that helps makes things easier for you.

Not yet, it will take VV some time to liquidate.