Poll

Should it be postponed?

Yes
6 (100%)
No
0 (0%)

Total Members Voted: 6

Voting closed: June 29, 2009, 02:21:27 PM

Author Topic: Postponing the 1st Quarter Dividend?  (Read 5606 times)

Offline Mangala

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Postponing the 1st Quarter Dividend?
« on: June 19, 2009, 02:21:27 PM »
The long and the short of it is, the corp has only really started being profitable since around the 22/05/09, prior to this point we were spending more than we made, and we had less people active than we currently do.  So any dividend we could do would be a small one indeed.

The dividend I wanted to make was to only come from profits made from sales on the market, so I havent counted for ratting income or player donations.  Suffice to say turning the corner and making profit of some description is a great thing, and can only bode well for the future.

The 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 ;)

Our income from 22/05 from market sales totalled: 502,381,985.32 ISK.

Our purchases during the same period (tower fuel, skill books, bpcs etc) totalled: 257,335,255.32

Our profit on these was therefore: 245,046,730.00

So I ask you, our shareholders and corpmembers, do you want me to do a dividend (%age as yet unknown, but small :S), or are you willing for this dividend to be rolled into the dividend for the next quarter, which will be in September, and all things considered will be after a period of increasingly positive market activity as our caps are about to start rolling off the line.

A forum poll is my choice for this as Mangala alone could easily skew an ingame vote in any direction I choose :)
« Last Edit: June 19, 2009, 02:37:54 PM by Mangala »
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Offline Caradir

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Re: Postponing the 1st Quarter Dividend?
« Reply #1 on: June 19, 2009, 02:27:23 PM »
i vote yes as it has been a tricky few months

and only in the past few days have i been on a bit more having changed my focus to Kasei and invention/research
"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." Josiah Stamp (Governor Bank of England 1928-41)

Offline Warcold

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Re: Postponing the 1st Quarter Dividend?
« Reply #2 on: June 19, 2009, 02:53:01 PM »
sure, but you might want to leave this out of the original post then:
Quote
A minimum total dividend of 250million isk will be in place.
;)
'Our lives are not our own. From womb to tomb, we are bound to others. Past and present. And by each crime, and every kindness, we birth our future.'

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Offline Mangala

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Re: Postponing the 1st Quarter Dividend?
« Reply #3 on: June 19, 2009, 03:06:38 PM »
sure, but you might want to leave this out of the original post then:
Quote
A minimum total dividend of 250million isk will be in place.
;)

Forgot i'd put that in :)  Amended now to remove that and state specifically where profits would come from.  (As I said in the offering thread, this is my first so its a learning experience for me too).
"May God stand between you and harm in all the empty places you must walk."


Offline Warcold

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Re: Postponing the 1st Quarter Dividend?
« Reply #4 on: June 19, 2009, 03:55:53 PM »
hmm, came out more thorny than i intended mebbe...
the 'sure' accompanied my 'yes' in the poll  :)
'Our lives are not our own. From womb to tomb, we are bound to others. Past and present. And by each crime, and every kindness, we birth our future.'

'We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break our bonds of affection.
The mystic chords of memory will swell when again touched, as surely they will be, by the better angels of our nature.'


http://warthunder.com/en/registration?r=userinvite_3240166

Offline peo

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Re: Postponing the 1st Quarter Dividend?
« Reply #5 on: June 19, 2009, 05:16:07 PM »
I would have reinvested the dividend anyway as the corp needs cash more than me.
So a yes from me.

Offline cmaxx

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Re: Postponing the 1st Quarter Dividend?
« Reply #6 on: June 21, 2009, 12:06:13 AM »
I'm happy if you hold the dividend for now til we're clearly in profit for a couple of quarters or more.

Offline Mangala

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Re: Postponing the 1st Quarter Dividend?
« Reply #7 on: June 30, 2009, 09:26:51 AM »
Locking topic, dividend is postponed.

I am hoping to be able to offer an increased dividend in the next quarter.
"May God stand between you and harm in all the empty places you must walk."