Market Discussions

So:
1M per share
Estimated return of 1M per share every 2 months

The suspense of waiting months would literally kill me - I can either get my ISK doubled or not in less than 10 minutes elsewhere.


(more srs): If you are interested in opening your books and can operate for a while showing a consistent profit, I'd be willing to invest...
Also srs: Please provide some detail on the 'we' part - who are your co-operators, how are you structured, who has access to the wallets, how can I trust them more than I trust you ??

I'd be interested in hearing more about your plans for hauling and what your proprietary software will do.

Alright! Thanks for your responses everyone. :)

A few points to clarify:
1) The operation for the most part is just me right now. When I was saying "we" I was using the royal we :P However, I do have a few others that I may bring in if I raise more money than I can manage myself--right now we just have 500 mil so I am able to pretty consistently turn a profit, however if the sum gets way bigger I may be unable to effectively manage it so I'll bring in a few friends.

It's worth noting that because I'm selling shares, I'm going to be the only member of the corporation itself--since if someone else is a member of the corp, they can potentially hijack control. In order to bring in friends, I will found a second corporation using an alt. that will be owned in full by my corp. That way, control cannot be taken from me in either corp. and the second corporation can have other members to manage certain parts of the balance. Again, this is purely hypothetical at the moment and I may come up with a better idea before actions along this line become necessary.

2) I currently have 5000 shares issued (which equals 5 bil. total capital). While I have the ability to take control over a majority of the shares, I only keep 50 shares in my wallet because I've only invested 50 mil of my personal assets. When I issue a dividend, the unsold shares' profits get returned to the corporation and I increase the principal proportionally. As for issuing additional shares, what I've done so far is "split" the stock--so everyone maintains their percentage.

This has a few problems: primarily that this favors new investors over old investors and substantially limits future growth. I have two solutions I'm toying with at the moment: a) issue more shares but keep them solely for raising new investments--effectively decreasing existing investors' future profits or b) stop issuing dividends and instead use stocks simply as an indication of investment. Profits will be distributed algorithmically based off of the amount of shares you own not the percentage of shares you own. Neither solution really seems ideal at the moment and I'm not at a point where such a switch seems necessary. I am actively exploring additional solutions and ways I can make a smooth transition into a new system if it occurs.

3) I wish I could make a better guarantee on profits, or have an algorithm or something. The way I've been doing it so far is at the end of every day, I calculate the total value of the corporation (including unsold assets) and any profit over the principal will be given out as a dividend. The corporation owns about 70% of the stock, so that percentage of the dividend gets returned to the corporation. After issuing a dividend, I recalculate the value of the corporation and set that as the new principal. Profits made from this new base price will be issued the next day. There have been days when I don't have enough liquid assets to issue the appropriate dividend, so then I waited until I had enough and issued it the next day.

This system has worked out pretty well so far, and I will probably continue it for at least a few weeks. Once I get a better idea of how much I make, I will be able to give a better estimate.

4) At least right now, the buyback guarantee is that I will buy back an investor's shares for the amount they spent (i.e. if I split the shares in two, I will not buy them back for twice the original investment). This guarantee is only made for the original investor, and I will do my best to fulfill it as soon as possible--I will guarantee that I will have the funds within 24 hours of acknowledging a request, but it will most likely be sooner. If someone who was not the original investor wants me to buy back their shares, I will try to buy them back at full price but I cannot make any guarantees.

5) The proprietary software I'm developing will stream data from EMDR and try and find the most profitable routes within a set of constraints factoring in a variety of things including jumps, security, volume, etc. It is still very much in its infancy so I can't really say anything else about it yet. If it works well, I may consider licensing it to other corporations.

6) Finally, on the matter of trust. I'm not quite sure as to how opening one's books works. If anyone has a reliable site, please let me know and I may explore it. As long as not too many details of the operation are revealed, I will be happy to let everyone take a look. It's worth noting that you really have no reason to trust me--I'm still very new to EVE and my corporation is even newer. However, over the past week, I have consistently turned a profit and hopefully be able to continue to do so.

I hope that clears things up. If there are any inconsistencies with what I just said, or you have any other questions please let me know and I will try to clear things up. For now assume that this post supercedes any other statements I've issued elsewhere. I look forward to future interactions with all involved parties :)

Re: Pt6 API Keys and Trust

Have a look here; https://ccpcommunity.zendesk.com/hc/en-us/articles/202428251-API-Key-Management
And here: https://ccpcommunity.zendesk.com/hc/en-us/articles/202669519-API-Overview-and-Key-Creation

And then do some more reading on the subject; know that I can't take anything or do anything to or from your character with an API key... But I can see 'stuff' about what your character is up to depending on which buttons you tick when you create the key.
I'd be looking for you to select everything (all 4) in the Account and Market section, and then eveMail me the KeyID and Verification Code. (Don't post these here, Also don't do this until you have done a bit more reading and can understand what I can/can't do once I have them)
+Check out my current thread on 'asking for ISK' some good advice is starting to roll in there. (And some notes on API checks/Audits when you don't have collateral to put up)
I will plug them into jEveAssets ( - i.e subtle recommendation that given you aren't familiar with sharing info via API keys, that you first do this to yourself to see what I will see.) and I will be taking a look to make sure everything lines up such that I am happy you are on the right track to a) Not Scamming and b) Not doing silly things with your existing capital - if so, I'll happily move forward to funding your next trading expansion (some or all) - tho, also be sure to answer all of Koniforous's questions, and also be sure to ask if you don't know how to best answer.

Yes, I could use this information to then trade the exact same things as you, but if you are station trading primarily I'd have to be trading in the exact same timezone and in the exact same items... Can however just say that if I were station trading I'd be doing it with items that individually cost as much as your entire current bankroll - but there's the trust thing, you need to give a little to get some back.

Re: Pt5
Hop over to the technology forum If you need help developing your app, I don't think I've ever seen Steve /not/ give assistance, and you can always threaten to not vote for him if he doesn't help :) + there's also other friendly people on that forum...

Also presume you are aware that eve-Central has a tradefinder that in principle does the same'ish sort of thing that you are building - suggest tho, if you are looking at that whilst building your own, don't just use the trade finder, also use the system/region compare tool.

I'd be willing to give you 10 mil for 10 shares for the lols.

It seems to me like you're looking for angel investors; I'd be willing to consider up to a bil with more clarity on your long term share structure, verification either from myself or another MD member that you're trading well, and a little more rep grinding on these forums.

I am not sure that he set a cap, thus it cannot be filled :)

Just confirming here that I bought 50 shares and received them. Let's see how this rolls out!

Edit: Received first divident. Invested 50m (50 shares) and got 1.5m as first payout.

Just a few clarifications. The situation with my corp as of right now is as follows:
o 13 people, including me, have invested
o I have around 800 mil
o I don't have a fixed dividend schedule. The first few days I was giving out once a day. I think I'm going to be doing every other day for a little while, but I will be coming up with a fixed schedule at some point in the future
o When I give out a dividend, I give out any difference in total worth (including items) from the amount I currently have listed as the principal. The corp owns around 70% of the shares, so 70% of the dividend goes back into the principal and I adjust the amount accordingly. The next dividend will be calculated from this amount.
o I sell 10 shares for 10 mil. I have a guaranteed buyback at 1mil per share* from original investors, and if secondhand investors talk to me, I will probably give the same rate though if the finances don't allow it at the time I might not be able to.
o There is no hard limit on investment, but as of right now I can only sell 1 bil more.

There are some problems with this current system, and some issues others have raised earlier that I am looking into. I will most likely be restructuring at some point in the coming weeks to create a more reliable business plan. What I've outlined above is how things work so far. I will both add a new post and update the original post when the situation changes. Note that if/when I restructure, I will contact each investor and ask them personally if they want to either pull out or invest in the new system.

Thanks to everyone who has invested so far. If anyone has any questions, feel free to contact me here or in game.
--Morton Summers


*I split the stock earlier so if you have more shares than you orignially invested for, I can guarantee I will buyback your shares for the original investment, not necessarily for the outright amount of shares.

By the way, Rilati Kansene, before I forget: I'm still looking into API keys. Once I'm confident I understand exactly what's going on I'll be happy to contact you with some information.

How will you keep track of secondhand investors? You should really guarantee the price of shares regardless of who originally purchased them from you. I dont see a reason why I would want to buy shares from someone other than you as they might be worthless since I would be secondhand investing. This will put greater strain on the solvency of your business because you will most likely be the sole source for cashing our. If you guarantee share price across the board however, share holders can cash out by selling to other pilots and this will reduce cash out strains month to month. Plus, there's no share journal to keep track of shares changing hands. Just current share holders.

I would also like to try this out, I will send 50mil tonight for 50shares