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VAERT EvE ISK => RL money donations Emergency Relief Initiative

First post
Author
Vaerah Vahrokha
Vahrokh Consulting
#101 - 2013-10-09 13:27:24 UTC
Chribba wrote:
Vaerah Vahrokha wrote:
Nanatoa wrote:
Perhaps you could take steps to ease your very heavy nearly unbearable burden a bit? Stash everything in a corporation, you as the CEO, one other pretty trustworthy corp member with no roles, and a first-rate trusted third party outside of the corporation with 100% of the shares?

We all know the shares system sucks when trying to secure stuff, but in this case the goal is not securing, but making sure the stuff remains accessible in a classic hit-by-a-bus scenario.


I don't know anyone who is ready to keep up with a multi-year task like this... and for basically nothing but charity.

Even Chribba has stopped sending updates about how much NAV is currently his sister fund worth. Since a long, long time.

I figured it was better to report changes than non-changes from my side, hence the darkness, as there hasn't been made any deposits.

/c


Well, maybe a "once a year" update could improve the records reliability. Is your NAV the one displayed in the official balance sheet? Because if it's not I have to correct it.

RAW23
#102 - 2013-10-09 17:02:57 UTC  |  Edited by: RAW23
Vaerah Vahrokha wrote:

I sincerely don't know, I asked them in the past and this kind of initiative was still active. I could ask them again and tell you the reply.
If they took it down it'd be a big pity.


Agreed. It would be a great shame if they stopped it.

Quote:

Strictly speaking about ISK, it'd not be a big problem: the fund is so heavily recorded that I could easily send ISK back to the post PLEX for Japan Donors with 2 digits of precision.
It'd also relieve me of a very heavy burden: to hold someone else's money with the highest and noblest mission of all (charity) for years, without having a way to automatically give it away to someone else in case of my inability to play EvE.


Your precision in these matters doesn't surprise me and I know that the need to do it right provides a lot of stress. Perhaps now is the time to work out a system that would take some of that pressure off? Given that the absolutely banned scamming around PLEX for good, perhaps CCP could be persuaded to help set up something that would be easier to manage in the long term.

Edit - And as a side note, I for one am very grateful that you do continue to run this. Especially as I feel a bit guilty about pressuring you to start it up again after you had closed it down cleanly the first time. If there is anything I can do to help, just let me know.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Samroski
Middle-Earth
#103 - 2013-10-25 05:22:37 UTC  |  Edited by: Samroski
RAW23 wrote:

Vaerah Vahrokha wrote:

If they took it down it'd be a big pity.

Agreed. It would be a great shame if they stopped it.


QFT

The concept provides me with motivation to make money in Eve. At the end of the day, I hope to give everything to charity. In fact, my biggest fear now is that CCP have stopped doing this, which would be a death blow to my Eve life.

I think Viaris did the right thing and gave everything he had to charity for the Japan drive. I did not have the guts at the time (or the money for that matter) to do the same. Just praying that CCP open it at least once more, so I can finally do something useful with these pixels.

Any colour you like.

Vaerah Vahrokha
Vahrokh Consulting
#104 - 2013-10-25 12:34:28 UTC
Samroski wrote:
RAW23 wrote:

Vaerah Vahrokha wrote:

If they took it down it'd be a big pity.

Agreed. It would be a great shame if they stopped it.


QFT

The concept provides me with motivation to make money in Eve. At the end of the day, I hope to give everything to charity. In fact, my biggest fear now is that CCP have stopped doing this, which would be a death blow to my Eve life.

I think Viaris did the right thing and gave everything he had to charity for the Japan drive. I did not have the guts at the time (or the money for that matter) to do the same. Just praying that CCP open it at least once more, so I can finally do something useful with these pixels.


I wish once again to publicly thank you both for your take on this responsibility, for your upstanding attitude (yeah I *did* say I am lawful good so I talk like this P), on your unmatched sustained effort at keeping your sister fund running AND reporting its NAV.

You and the other high value foundations of the "good side of MD" deserve an answer and as such, as I have mentioned in posts above, I have created an ingame ticket. I have asked CCP about their official stance on the charity initiatives, expecially wether if they are going to start more "PLEX for XXXX" initiatives in the future or not.
Grendell
Technologies Unlimited
#105 - 2013-10-25 15:17:26 UTC
Chribba wrote:
hence the darkness



Chribba throwing around 3rd party puns like it's nobodies businessLol

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CCP Eterne
C C P
C C P Alliance
#106 - 2013-10-28 14:04:14 UTC
Just to let people know, we are currently discussing our next charity drive. I am unable to comment if it will be a PLEX for Good drive like in the past, but we have not abandoned our charity initiatives.

EVE Online/DUST 514 Community Representative ※ EVE Illuminati ※ Fiction Adept

@CCP_Eterne ※ @EVE_LiveEvents

Vaerah Vahrokha
Vahrokh Consulting
#107 - 2013-10-28 14:29:07 UTC
Thank you CCP Eterne for your kind reply!

It's OK if it's not in the form of PLEXes.
As long as I can convert the donated ISK into whatever you choose it's fine.
RAW23
#108 - 2013-10-28 14:57:44 UTC
CCP Eterne wrote:
Just to let people know, we are currently discussing our next charity drive. I am unable to comment if it will be a PLEX for Good drive like in the past, but we have not abandoned our charity initiatives.


Big smile

CCP - making the pointless grinding of isk retrospectively meaningful since 2010.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#109 - 2013-10-28 15:07:53 UTC
Vaerah Vahrokha wrote:
As long as I can convert the donated ISK into whatever you choose it's fine.

It would be very sad if it wasn't possible to donate converted ISK to the future charity drives.

I don't see CCP Eternes statement as particularly reassuring in that respect.
RAW23
#110 - 2013-10-28 15:17:41 UTC
Bad Bobby wrote:
Vaerah Vahrokha wrote:
As long as I can convert the donated ISK into whatever you choose it's fine.

It would be very sad if it wasn't possible to donate converted ISK to the future charity drives.

I don't see CCP Eternes statement as particularly reassuring in that respect.


Perhaps I'm being optimistic but the fact he posted in a thread about collecting isk for charity donations and didn't say that this stuff here is a waste of time seemed positive.

On the other hand, CCP do have something of a reputation for being less than clear when they don't want to be the bearers of bad news. And to flat out say they will not be doing isk/plex based charity drives in the near future would more or less equate to a negative statement about the health of their company's finances, assuming that the whole PLEX for Good thing was based on the fact that they could write such charitable donations off against the tax they paid on their profit. The problem with that is you need to have some profit in the first place and with the very significant profits from EvE draining out to their rather less successful projects it may well be that they are officially running at a loss now. I remember that in previous financial statements they were logging the code being developed for DUST as an asset valued at the cost of producing said code but I suspect they won't be able to maintain the fiction that that particular asset is still worth what it cost to produce for too long in the face of the reality of that game's failure.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#111 - 2013-10-28 15:24:14 UTC
RAW23 wrote:
I remember that in previous financial statements they were logging the code being developed for DUST as an asset valued at the cost of producing said code but I suspect they won't be able to maintain the fiction that that particular asset is still worth what it cost to produce for too long in the face of the reality of that game's failure.

The failure of DUST in it's current guise isn't much of a suprise. But what CCP said at EVE Vegas suggests that they'll roll DUST and Valkyrie into EVE anyway so that at worst they become somewhat expensive (for CCP) expansions to their core product instead of orphaned product write-offs.
RAW23
#112 - 2013-10-28 16:39:42 UTC
Bad Bobby wrote:
RAW23 wrote:
I remember that in previous financial statements they were logging the code being developed for DUST as an asset valued at the cost of producing said code but I suspect they won't be able to maintain the fiction that that particular asset is still worth what it cost to produce for too long in the face of the reality of that game's failure.

The failure of DUST in it's current guise isn't much of a suprise. But what CCP said at EVE Vegas suggests that they'll roll DUST and Valkyrie into EVE anyway so that at worst they become somewhat expensive (for CCP) expansions to their core product instead of orphaned product write-offs.


Presumably they will still have to write down the value of the asset at some point to its actual value and not the cost of production? My knowledge of accountancy is less than slim but I understand that you can only get away with these kind of creative devices for so long before you have to re-value the asset at a realistic level. At which point CCP will book a large loss. I think ...

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Vaerah Vahrokha
Vahrokh Consulting
#113 - 2013-11-08 20:57:39 UTC  |  Edited by: Vaerah Vahrokha
October update

No donations this month. Cry
I could not write down the usual interest coming from Grendell as well as it did not arrive yet.

As usual the balance sheet (first page) has been updated with the latest additions.

The current fund of funds NAV, including receivables, is: 76,618,289,930.99 ISK.
Amarr Citizen 155
Nordar Innovations.
#114 - 2013-11-10 04:46:47 UTC
Seems like it's been a while since CCP did any donations for RL disasters. What about this typhoon business in the Philippines? Is there anyone we can contact to see if they plan a donation of some sort?
Vaerah Vahrokha
Vahrokh Consulting
#115 - 2013-11-10 07:51:06 UTC
Amarr Citizen 155 wrote:
Seems like it's been a while since CCP did any donations for RL disasters. What about this typhoon business in the Philippines? Is there anyone we can contact to see if they plan a donation of some sort?


It's a very good idea and I thought about it as well.

However if I have understood correctly, donations drives don't start off as players initiated suggestions but from within CCP:

1) Someone of them gets the idea
2) There's an internal discussion
3) Somebody else has to give a financial approval

In the middle of that I suppose they have to contact the donations destination charity (i.e. Red Cross).

One thing that would really help, is to have a contact within CSM to interface with these initiatives.
Maybe Mynna? Since he's the one that follows MD?

Can CSM even discuss about these things?

I think I'll try contact him when I come back home and see if he got any kind of role in these things.


Finally, I'll have to re-think the assets allocation strategy. I am really not so keen into overpaying PLEXes if emergencies happen in the wrong market times of the year. I'd rather donate 120 PLEXEs bought in the summer than 100 bought later.
It's like donating $400 more!
Vaerah Vahrokha
Vahrokh Consulting
#116 - 2013-11-10 13:28:14 UTC
RAW23
#117 - 2013-11-11 18:47:54 UTC
By the way, if CCP go ahead with this, and if it is ok with both you and Grendell, I would warmly support the liquidation of the 35bil Grendell holds and its conversion into PLEX.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Grendell
Technologies Unlimited
#118 - 2013-11-11 18:51:39 UTC
RAW23 wrote:
By the way, if CCP go ahead with this, and if it is ok with both you and Grendell, I would warmly support the liquidation of the 35bil Grendell holds and its conversion into PLEX.


That 35b is currently in a bond, normally i would find a replacement investor but in this case it's looking like the loan will be defaulting. So in this scenario I could always front the isk until that liquidation is finished.

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♥ Securing Peace of mind ♥

RAW23
#119 - 2013-11-11 18:57:24 UTC
Grendell wrote:
RAW23 wrote:
By the way, if CCP go ahead with this, and if it is ok with both you and Grendell, I would warmly support the liquidation of the 35bil Grendell holds and its conversion into PLEX.


That 35b is currently in a bond, normally i would find a replacement investor but in this case it's looking like the loan will be defaulting. So in this scenario I could always front the isk until that liquidation is finished.


That would be very kind!

And thanks once again for the ongoing management of it. I was just looking over VV's records and it looks like you've generated an extra 10bil over the last 16 months!

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Grendell
Technologies Unlimited
#120 - 2013-11-11 19:37:42 UTC
Np at all m8, glad somebody is keeping statsBig smile

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♥ Securing Peace of mind ♥