Hands of Justice
What we have played => EVE Online => Topic started by: Mangala on March 30, 2009, 04:44:49 PM
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Whats this you may ask?
Basically the corp is to sell 2000 shares in itself to you, its membership, as part of a multi focused effort to raise sufficient capital to further your aims of Capital Ship Creation; Corp sponsored Capital Ship ownership; ensuring the financial viability of the corporation going forward (Members need paying for minerals, Tower setup costs will increase over time) and to offer you all a chance to own a peice of the corp which you have helped build and push in the direction it is heading today.
Why should you purchase shares you may wonder?
Excepting the reason that you'll own a piece of your own work, and help our aims be reached much sooner, we will offer a Quarterly (3 Months) dividend of 20% of all contract & market sales made within that period (The wallet and the tools available to keep an eye on it, actually work very very well in this regard making it easy to track); providing a return, however small on your faith in your fellow corp members.
What are the Numbers?
This is the first time I have ever undertaken one of these, and I really do not have the financial know-how to write all this up properly, but here's a small run down.
1st Offering: 500 Shares at 10million ISK p/s.
Total to be raised: 5 BILLION ISK
Start Date for this offering: 31st March 2009
End Date for this offering: 1st June 2009
2nd Offering: 750 Shares at 10million ISK p/s.
Total to be raised: 7.5 BILLION ISK
Start Date for this offering: 30th June 2009
End Date for this offering: 1st September 2009
3rd Offering: 750 Shares at 10million ISK p/s.
Total to be raised: 7.5 BILLION ISK
Start Date for this offering: 30th September 2009
End Date for this offering: 1st December 2009
Total Shares to be offered: 2000
Total Capital to be raised: 20 BILLION ISK
When do the dividends happen?
Every 3 months the dividend will be done, the dates this year are:
30th June 2009
30th September 2009
31st December 2009 (Or Nearest day we can do based on New Year celebrations etc).
The Corp has 3000 shares, who owns the rest?
I do, well Mangala Solaris does. However I wont be taking a share of the Dividends, and to ensure this I shall return my holdings to the corp while the Dividend is done and then take them back afterwards.
What if the Offerings are not all taken up?
The remaining shares will be rolled over into the next offering. Should the 3rd offering end a 4th will be created, however I do hope that in the next 9 months or so all shares will sell.
How do I purchase some shares?
Post your required number here and then donate the applicable sum to the corp wallet and I will do the rest from Angaraka.
What if I no longer want any shares?
Then we will buy them back at 12million isk per share, or you can sell them onto other members who may wish to buy them (Price here is agreed between the seller & buyer, with no corp involvement).
Will this ever be opened up to our alliance or our friends in EVE?
In time once we are stable and doing very well at at least one of our aims, then we may look at opening this up to other people, however we shall cross that bridge when we come to it.
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Who owns Shares?
Mangala Solaris - 1000 Shares Owned;
Caradir - 160 Shares Owned;
Odin Zin (Mac) - 50 Shares Owned;
Xorx (Vacs Main) - 25 Shares Owned;
Hrodgar Ortal - 25 Shares Owned;
Cmaxx - 20 Shares Owned;
Brian Damage - 20 Shares Owned;
Red 7 - 10 Shares Owned;
Jarkko - 10 Shares Owned;
Temon Oak - 10 Shares Owned;
Safran Foer - 10 Shares Owned;
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I'll try to answer questions in this thread.
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10 shares please - isk transferred.
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10 for me as well transfering iskies now.
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put me down for 25 shares. ill sort out the isk when im home for the weekend on 4th april..
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put me down for 25 shares. ill sort out the isk when im home for the weekend on 4th april..
Sure thing Mac.
Glad to see you about even forumside :)
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ill have 20 for now as i tied up a lot of my iskies ;) when it becomes fluid ill buy more
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Read forum first, spend all of your money in Jita later...
Guess I'll be back in a couple of weeks (or months if I'm unlucky :p)
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10 shares for me please, can't afford more now :'(
I'll buy more when I get more ISK.
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10 shares for me please, can't afford more now :'(
I'll buy more when I get more ISK.
Shares passed over, just awaiting payment :)
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Pay the man or we send "the boys" over in their Titans and youll get DD to kingdom come.
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He is never online when I am :( Can't you sometimes log on at 5 AM British time? ;)
Is it possible to send money via the mail-system?
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He is never online when I am :( Can't you sometimes log on at 5 AM British time? ;)
Is it possible to send money via the mail-system?
Just transfer the cash to the corp master wallet :)
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Just transfer the cash to the corp master wallet :)
The money is now transfered there. Or at least I hope I did it right, I'm still quite confused with the corp wallet interface...
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What if I no longer want any shares?
Then we will buy them back at 12million isk per share, or you can sell them onto other members who may wish to buy them (Price here is agreed between the seller & buyer, with no corp involvement).
Err, you might want to change this?
Or I will soooo make abuse of this :D
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ill have enough spare iskies for another 40 shares by mid afternoon tomorrow ill transfer to corp as soon as it makes way to my wallet.
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8 shares is what I can afford at the moment
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Thanks to you both.
Just an FYI, there is no pressure to purchase these as this offering still has a long time left on it, so if you think a purchase will break your bank, hold off on it for a while :)
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ok ive liquidated as much as i can sold off some toys and generally gathered as much isk as possible ;)
id like another 100 shares please money has been xfered
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Sorted :)
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I'll buy another batch when I'm online next time, not decided how many just yet but 10-15 probably.
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Ok 15 more shares for me plz :) (and don't be too alarmed at the transfers around in the ma'adim wallet, accidentally transfered 150m from the master to shares so put my 150m into the master :) )
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288 shares of this offerings 500 sold so far chaps - very very impressive :D
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While in the empire, I bougth 4000 enriched uranium for about 20m, and took to the z30 pos, 2 shares as payment would do nicely
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While in the empire, I bougth 4000 enriched uranium for about 20m, and took to the z30 pos, 2 shares as payment would do nicely
Will be sorted for you Temon. There's an idea here somewhere actually ;)
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Brian'll take 20 and Cmaxx'll take 20, cash on the nail. 8)
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Brian'll take 20 and Cmaxx'll take 20, cash on the nail. 8)
Excellent sorting now.
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10 shares for me plz.
plz treat this as if i bought em after june 1st considering divident please
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10 shares for me plz.
plz treat this as if i bought em after june 1st considering divident please
Shall be sorted, and ok on when to apply future divis ;)
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ah wait, thought divident was due june 1st too, but see now it's june 30th
well whatever, do what you think's best :)
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ah wait, thought divident was due june 1st too, but see now it's june 30th
well whatever, do what you think's best :)
You will be included in the dividend this month.
Regarding that, I can say that there WILL be a dividend, I just am sure of how much and so on it will be yet. I'll be working on that in a week or two ready for my 30/06/09 deadline.
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ah wait, thought divident was due june 1st too, but see now it's june 30th
well whatever, do what you think's best :)
You will be included in the dividend this month.
Regarding that, I can say that there WILL be a dividend, I just am sure of how much and so on it will be yet. I'll be working on that in a week or two ready for my 30/06/09 deadline.
Are you sure?
We havent really done that much in the last few months and I won't accept anything if it means either you end up paying out of your own pocket or we run the corp short to do it.
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Like i say there will be one, however small (And I wont pay it out personally, it would defeat the object of the proposal), unless I deem the figure to small, then I'll move to a vote to roll it over to next period.
There has been small amounts of income with which I can work from over the period so in a week or two, I can look properly and see if my initial glances are off somewhat.
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if you need help adding numbers, drop me a line
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Vote thread re dividend for 1st offering is up here:
http://handsofjustice.co.uk/forum/index.php?topic=1163.0
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What if I no longer want any shares?
Then we will buy them back at 12million isk per share, or you can sell them onto other members who may wish to buy them (Price here is agreed between the seller & buyer, with no corp involvement).
I still find this a tricky one, why just not buy back @ 10M ?
(yeah, I'm a pain)
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Cos i was thinking carrot at that point, rather than thinking rationally :)
Will be revised for offering two ofc ;)
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This initial offering raised: 3,680,000,000.00. Of which 2,300,000,000.00 was used to purchase the Capital Drone Bay Blueprint & the Chimera Blueprint, and the rest being used for towers and general corp upkeep during the time alot of us went riding bikes, and the corp income was negligible.
All in all, I think we managed to do well from the first offering - that all of you supported the ambitions of the corp really makes me feel all warm and fuzzy :)