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EVE Museum updates (dividends 3.4%)

Author
CistaCista
EVE Museum
#101 - 2017-02-10 22:23:52 UTC
Just to repeat: you vote by rightclicking your shares!

I had written some other rubbish in the first post - after all, I am kind of new to this game...
CistaCista
EVE Museum
#102 - 2017-02-17 19:03:43 UTC
There is 2 days left to have your say in the vote about having a new share sale. Be sure to not forget it.

You may notice that there is a new vote up today: Create 25 new shares. this is a formality to correct the total number of museum shares back to 10,000. You may remember months ago I reported to you that someone had managed to destroy some shares, supposedly by deleting a character. Since the ruleset of the museum stipulates that the number of shares is 10,000, a correction was due.

You do not have to vote in this one, because I already voted.

BUT, after the current vote I will set up a new one about allowing the museum to do some actual tradework, so keep an eye out for that in about 3 days.
CistaCista
EVE Museum
#103 - 2017-02-21 09:11:56 UTC
So, those two votes are behind us. It tells me there was 100% support for a new share sale (0.74 out of 0.74 whatever that means lol). The share sale starts after the 1st.

But now comes another vote! With the following long explanation!
This vote is as I mentioned before, to allow the museum to begin buying and selling items in order to make some profit within the museum itself. This will be certain slow-moving items such as some rare SKINs.
The long term goal is to make the museum more transparent, and function more like an actual public company. But I will start very slowly with just a few trades.

Listen up for some technicalities:
Museum trading will be done from the Corporation Master Wallet (CMW), and this means that it is done with YOUR money, as opposed to the trading that I do privately on Cista2 to fund the dividends that you all know and love. In the future, you will be paid two different sets of dividends each month, as ALL the profit from museum trades will be distributed each month to the public shareholders directly and separate from the normal dividends.

NB! there is inherently a small risk of losing money on such trades. Shrinkage in the CMW would weaken the “muscles” the museum has for buying its permanent artefacts, but not lessen the dividends that you are used to getting, because those come from Cista2 and are independent of the size of the CMW wallet.

Now we come to the actual vote:
Selling of items is not mentioned in the Rules of Governance (RoG), and any changes of RoG must be approved by the shareholders. The vote that is up now is therefore to add the following lines to the RoG:’

12) The Museum is also allowed to buy and sell certain items not intended for the collection, as a means to make income. Such items are bought and sold from the CMW and accounted for separetely.
13) All profit from sales of trade items will be paid out each month as dividends to the public shareholders only (not to the totality of 10,000 shares). Any losses will be subtracted from profits of that month, but not from subsequent months.

NB! I wil also update the wording of the RoG to distinguish clearly between “artefacts” which in museum lingo then are the artefacts in the permanent collection, and “ trade items” which are those items that can be sold. I will also update the explanation of the wallet structure that is on the RoG webpage.

And final NB! If this vote goes through, I will also delete 1 note on the bottom of the RoG webpage, which is this one
- Donations can also be specified to single wallet divisions, for example to buy ships.

That’s it!
I very much hope you will allow the museum to take steps into trading with the surplus money. We will indeed have a lot of idle money in the CMW in the future, as you know I am aiming for buying AT ships and have to build up stash.
I intend to start this vote very soon, please post here if you have any objections.
And feel free to take snapshots of the RoG as it looks before any changes.
CistaCista
EVE Museum
#104 - 2017-02-22 18:06:58 UTC  |  Edited by: CistaCista
This vote is now LIVE! Thank you for your attention. It runs until the end of the month.

I will not vote, but I recommend that you vote YES :) Vote by rightclicking on the shares in your wallet.
CistaCista
EVE Museum
#105 - 2017-03-01 22:17:30 UTC  |  Edited by: CistaCista
That vote on the possibility of doing some trading went through fine (100%). I will be looking at a few items to trade.

I have paid out the dividends for February. I am a little tired (not drunk!) and made an honest mistake while calculating and paid out 1 bn too much.
The dividends this month are thus 1.39 M per share = 4.6% (should've been 4.3%).
Since the museum started, more than 20 bn have now been paid out as dividends.

Congrats!

Edit: 3rd share sale starts within 48 hours.
Magnu Stormhawk
#106 - 2017-03-03 14:34:28 UTC
I have pleasure in presenting the twentieth monthly financial report for EVE Museum.

EVE Museum - February 2017 Financials

EVE Museum - Asset Register

Highlights for the month:

ISK Donations: 4b
Asset Donations: 20m
Asset Purchases: 0m
Artefact asset value: 239b
NAV at month end: 273b


As always, happy to answer any queries in respect of accounting policies and presentation. Cista2 will deal with any queries in respect of the operation of the museum and it's transactions.

CistaCista
EVE Museum
#107 - 2017-03-04 06:53:58 UTC  |  Edited by: CistaCista
The third EVE Museum share sale is now open!
There are 1025 shares available to buy at a price of 40 million ISK each.

You will find the latest financial report from Magnu Stormhawk just above this post. You can find a graph of the development of dividends paid since 2015 in this graph on imgur.
(top line shows dividends at the time, bottom line recalculated to share value 40 million ISK).
The dividends will not keep growing, I might not push them over 3% in the long term.

Everything else about the museum is found on the webpage, specifically the Rules of Governance.
A summation of all my public projects since 2009 is found here.

How to buy shares:
Send the ISK for the number of shares you want directly to the EVE Museum corporation, and post here on this thread that you have sent the money. I will post here when I have transferred your shares to you.

You can sell back your shares to the museum, for 40 mil ISK, anytime you wish.

200 shares should be the maximum one person can buy.
For faithful services, Magnu Stormhawk is offered to buy up to 100 shares at half price if he wishes.
Elizabeth Norn
Nornir Research
Nornir Empire
#108 - 2017-03-04 13:49:32 UTC
Arancar Australis
Dead Sun Rising Enterprises
#109 - 2017-03-04 14:21:57 UTC
Isk for 3 shares sent Big smile
CistaCista
EVE Museum
#110 - 2017-03-04 15:19:59 UTC
200 shares sent to Elizabeth Norn,
3 shares sent to Arancar Australis
Moritasgus
Jita Industrial Trading
#111 - 2017-03-04 16:00:12 UTC
ISK for 25 shares sent.
CistaCista
EVE Museum
#112 - 2017-03-04 23:27:39 UTC
your 25 shares have also been transferred.
Rebecca Makan
RTJ Inc
#113 - 2017-03-05 10:23:25 UTC
ISK for 15 shares sent.
CistaCista
EVE Museum
#114 - 2017-03-05 16:41:07 UTC
15 shares sent
Kithran
#115 - 2017-03-07 12:30:17 UTC
200 shares please - isk will be sent when I get home tonight
Thanatos Marathon
Moira.
Villore Accords
#116 - 2017-03-07 17:58:04 UTC
I'll send the isk for 100 shares in a few hours.
Thanatos Marathon
Moira.
Villore Accords
#117 - 2017-03-07 20:45:18 UTC
Lord Hook
Durus Scelus
#118 - 2017-03-07 22:43:48 UTC
I'll take the remaining shares, let me know how many available please so I can send isk
CistaCista
EVE Museum
#119 - 2017-03-08 00:31:05 UTC
Lord Hook wrote:
I'll take the remaining shares, let me know how many available please so I can send isk


200 shares should be the max. bought by 1 person - that would be 8 bn ISK.

100 shares have been sent to Thanatos Marathon.
Magnu Stormhawk
#120 - 2017-03-08 08:22:56 UTC
I'll take my 100 please :)