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Grozen
Caldari
Deep Core Mining Inc.
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Posted - 2010.09.23 16:19:00 -
[1]
Edited by: Grozen on 23/09/2010 16:28:03
Edited by: Grozen on 23/09/2010 16:23:40
Edited by: Grozen on 23/09/2010 16:22:59
ò Chapter 1 - Summary of STS expansion plan.
ò Chapter 2 - Background on ideas and current business.
ò Chapter 3 - Current Corp
ò Chapter 4 - The Business Plan
ò Chapter 5 - Statement of Assets
ò Chapter 6 - Full Disclosure of Risks
ò Chapter 7 - Full Disclosure of Main and Alts
ò Chapter 8 - Exit Strategy
ò Chapter 9 - IPO Phases, Dividends, Market Cap
ò Chapter 1 - Summary of -STS
Hello everyone this is my third IPO project and is the planned expansion of my second now finished IPO venture.
This year has been were great for me and my investors and everything went as smooth as it can be.
The link with the comments on my IPO sts phase 1 and 2of investors and auditors can be found here:
IPO phase1
sts phase 2
ò Chapter 2 - Background of ideas and current business
Nothing much has changed i still do what i do best produce, invent, trade;
What I'm currently doing is just expanding my producing empire.
This is done trough some simple steps, develop more trained characters to increase the availability of invention/producing slots, deploying more pos(es),trading;
As with the past IPO the passive ways of making isk have increased nearly tenfold, i earn isk on the basis produce place it on the market and forget it.
If need arises i can always give more time to eve but if there's no need then i got more time to keep my real life balanced, something that is required for any eve player to actually be able to continue playing the game.
Please note that I'm not newbie regarding pos managing and I've been taking care alone of my 2large poses without any problems.
ò Chapter 3 - Corporate Governance
Atm i'm looking to join a wh corp to break away from the day to day trading.I do not plan to recruit anyone for titan core because I can manage by myself perfectly at least for now.Note you will receive shares from the corporation Titan core but it will still count towards the name of this IPO project.To sum it up for dummies:
Titan core shares=STS shares.
ò Chapter 4 - The Business Plan
The goal is to gather 50b isk.Most of it will be invested into low risk items&production with stable price in jita.Some of those items include:
-Modules t1 and t2
-Misc items
-Components
-Ships
Why 50? I've managed more then 13b invested cash in the last months, increasing the required sum is not dangerous investor wise, but i don't think i need more because presently i have 4 accounts now and their total slots can handle mostly 50b.
Alot of the characters have been trained very good and i'm positive i will be able to use them to their full potential with 50b.
ò Chapter 5 - Statement of Assets
My char has 42m SP(8m increase since my last venture) most of it which covers trading skills the most important ones are maxed(margin,all producing, skills broker relations accounting, production and research skills).I've got 8b wallet 2xlarge deathstar pos and charon.Also various misc(bpos,datacores,minerals) stuff with total value of 8.5b.Other unlrelated assets ships etc around 10b.
knowledge is power |
Grozen
Caldari
Deep Core Mining Inc.
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Posted - 2010.09.23 16:21:00 -
[2]
Edited by: Grozen on 23/09/2010 16:30:10
Edited by: Grozen on 23/09/2010 16:26:28
Edited by: Grozen on 23/09/2010 16:25:23
Edited by: Grozen on 23/09/2010 16:21:45
ò Chapter 6 - Full Disclosure of Risks
I could get hit by a bus, or RL life might interfere but this is a risk I'm willing to take.(no i'm not gonna run under bus intentionally).I could scam which is very unlikely because I've just finished my IPOproject phase 1 and 2 as you see the replys they were more then fine.
ò Chapter 7 - Full Disclosure of Main and Alts
I have 1main Grozen and 2 alts Grozalicoas and Pak Xempo, and second account Kochburda and 2slots that will be soon filled with 2more alts.
ò Chapter 8 - Exit Strategy
I'm not running risky operation unlike many other ipos.
Trading&producing is where i shine so unless someone start manipulating the whole eve market i don't see how i can get into any bad situation.
I can exit at anytime any day and still have good profit made.I'll buy back the shares at 100 % any time if anything goes wrong.
ò Chapter 9 - Goal, IPO Phases, Dividends,Personal info
Goal:gather 50b liquid isk as soon as that is done the ipo is launched.
Total Number of Shares:50
Total Number of Available Shares:50
Price per share: 1b
Dividend payout: monthly
I will pay:4% a month.
Total months this IPO will run: 6
Total share Buyback Payment: 100% of starting invenstment.
Transfer cash to character: Grozen
How this works: you send cash with reason investment to Grozen you will receive share(s) in return.
The % is lowered because of me switching to more passive ways of making isk.I know its not much but its what i can offer atm.
Investors:
Reserved:
Waiting:
Comments ideas questions feel free to post.
knowledge is power |
Lucyna
Interstellar Killer Bee Enterprises
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Posted - 2010.09.23 16:33:00 -
[3]
I could be wrong, but 50B at 4% uncollateralized sounds a bit low, not to mention the fact that you aren't getting audited.
Given your history, I'm sure you'll come up with the funding, but to me the leap from 13B to 50B might be a bit much.
Good luck! Sounds like one of the bigger ventures since T4U.
_________
Eve - for when I'm not playing minecraft ;) |
Grozen
Caldari
Deep Core Mining Inc.
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Posted - 2010.09.23 16:37:00 -
[4]
 Originally by: Lucyna
I could be wrong, but 50B at 4% uncollateralized sounds a bit low, not to mention the fact that you aren't getting audited.
Given your history, I'm sure you'll come up with the funding, but to me the leap from 13B to 50B might be a bit much.
Good luck! Sounds like one of the bigger ventures since T4U.
At first i thought about that myself but at one point i was managing about 30b so i'm positive i will be able to handle it.Also i'm just looking to get more people in since the last venture i had only 10 investors involved.
knowledge is power |
Ave Volta
Perkone
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Posted - 2010.09.23 16:55:00 -
[5]
Originally by: Grozen
The % is lowered because of me switching to more passive ways of making isk.I know its not much but its what i can offer atm.
4% is prett low. For 50B you might need to raise the return rate and either work smarter or more 'actively'.
--------------------------------
chown -R us:us /yourbase |
Grozen
Caldari
Deep Core Mining Inc.
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Posted - 2010.09.23 17:13:00 -
[6]
Edited by: Grozen on 23/09/2010 17:14:30
Thanks for the suggestion i guess its real big drop.I'm changing it to 5% but i can't go up more i really have plans to utilize my passive income.Nonetheless as you see discussion helps improve things for all
knowledge is power |
Dalden V
Blue Lounge Industries
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Posted - 2010.09.23 18:41:00 -
[7]
Hi Grozen,
Put me on the reservation list for 5b.
I also think the returns are a bit on the low side, but let's see where the discussion goes.
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.23 18:58:00 -
[8]
Edited by: Grozen on 23/09/2010 19:04:31
Edited by: Grozen on 23/09/2010 19:02:23
Edited by: Grozen on 23/09/2010 19:00:55
Will do Dalven.You must understand the return is low because anything higher would involve alot eve time and i'm trying to avoid that for a solid reason.Lowering my time on eve will prevent me from burning out.So i'm just looking at produce-place on the market-1-2 edits per day stuff:).I need few months relaxation but i can mantain steady low return rate with no probs.
Oh yea something i forgot to post.All investors that take part in this 1 will have priority in my grand project.
knowledge is power |
Phoebe Halliwel
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Posted - 2010.09.23 22:32:00 -
[9]
1b might be a little high per bond. I know it's a pain to monitor a lot of investors (and it's possible this will fill regardless) but if you lower that amount slightly, might be more attractive and allow newer investors in.
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Krythas
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Posted - 2010.09.23 23:23:00 -
[10]
I'll take two bonds, cheers
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Llu
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Posted - 2010.09.24 05:01:00 -
[11]
I'll join in for 2 Bil.
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RAW23
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Posted - 2010.09.24 05:16:00 -
[12]
Originally by: Grozen
The goal is to gather 50b isk.Most of it will be invested into low risk items&production with stable price in jita.Some of those items include:
-Modules t1 and t2
-Misc items
-Components
-Ships
Why 50? I've managed more then 13b invested cash in the last months, increasing the required sum is not dangerous investor wise, but i don't think i need more because presently i have 4 accounts now and their total slots can handle mostly 50b.
This seems to be more or less cut and pasted from your other offerings. Could you explain a bit more about why you don't think there is any danger to investors in you increasing the amount of public money you hold by about 400% (at the same time as cutting your interest rates in half). Going from c. 10bil to 50bil is a massive leap and, frankly, looks a little bit dodgy (in that it conforms to a pattern that one might expect of a scammer - I am by no means suggesting that you are, in fact, planning to scam), especially as the bond will outstrip your own assets by a considerable amount.
Will you have a performance audit to confirm that you have been successfully trading? I remember you posting a little while ago about making 6bil per month from PI. How much of your NAV has been generated through the trade and industry activities that you will be pursuing with this bond?
The business plan is rather vague for an investment of this size (and looks exactly the same as your previous business plans?). Are you sure that your operations can scale to this new level? Is there any risk of burnout due to excessive time spent inventing? Could you give a bit more detail about what you will actually be doing with the isk?
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 07:44:00 -
[13]
Edited by: Grozen on 24/09/2010 07:44:49
Originally by: RAW23
Originally by: Grozen
The goal is to gather 50b isk.Most of it will be invested into low risk items&production with stable price in jita.Some of those items include:
-Modules t1 and t2
-Misc items
-Components
-Ships
Why 50? I've managed more then 13b invested cash in the last months, increasing the required sum is not dangerous investor wise, but i don't think i need more because presently i have 4 accounts now and their total slots can handle mostly 50b.
This seems to be more or less cut and pasted from your other offerings. Could you explain a bit more about why you don't think there is any danger to investors in you increasing the amount of public money you hold by about 400% (at the same time as cutting your interest rates in half). Going from c. 10bil to 50bil is a massive leap and, frankly, looks a little bit dodgy (in that it conforms to a pattern that one might expect of a scammer - I am by no means suggesting that you are, in fact, planning to scam), especially as the bond will outstrip your own assets by a considerable amount.
Will you have a performance audit to confirm that you have been successfully trading? I remember you posting a little while ago about making 6bil per month from PI. How much of your NAV has been generated through the trade and industry activities that you will be pursuing with this bond?
The business plan is rather vague for an investment of this size (and looks exactly the same as your previous business plans?). Are you sure that your operations can scale to this new level? Is there any risk of burnout due to excessive time spent inventing? Could you give a bit more detail about what you will actually be doing with the isk?
First of all suggestion of Phoebes taken to heart and i've lowered the total amount to 35b, on a 2nd thought 50 does seem lil scary to investors and my plan does not get royally screwed if i get 15b less so here you go i lower it
Now for the questions:
1.How much of your NAV has been generated through the trade and industry activities that you will be pursuing with this bond?
100%
2.The business plan is rather vague for an investment of this size (and looks exactly the same as your previous business plans?).
Yes it does look alike, but if something does the job and it works great why will there be a need for a change?You know what people say if something isn't broken don't fix it!Plus i think you missed a very important part!I did add the words SHIPS.Thats a whole new level of industry and it will add a large plus to my plan.
3.Are you sure that your operations can scale to this new level?
Yes quite sure, when i started sts 2 i had barely 5alts and now i'm dealing with 12 very trained alts.I can post their limited apis.
4.Is there any risk of burnout due to excessive time spent inventing?
No because i lowered the return rate slightly(5%), i won't be required to spend much time on eve to actually make money, i've located the items i need to make which sell even if you don't update the orders frequently.
5.Could you give a bit more detail about what you will actually be doing with the isk?
All the details you need can be found in the first audit done by VV it is the reason why i don't need another audits and will deny another one because its really danger to my plan atm i do not need people to know what i'm doing with the cash, its enough that large fish like Kazuo already know some without me wanting to share.
But that's it for the questions for now if you have more please do ask:)
knowledge is power |
Taram Caldar
Royal Black Watch Highlanders
Warped Aggression
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Posted - 2010.09.24 15:55:00 -
[14]
Edited by: Taram Caldar on 24/09/2010 16:01:02
Sorry min buy in 1bil, only 5% ROI and no collateral on a 35bil bond that's pre-announced to expand to 50bil before much longer. On top of that add the fact that it's, in total, going to be a 5-fold increase over previous bonds and that you don't want to get a performance audit to prove NAV, profitability statements from prior bonds, etc.
Good luck on your bond but it's triggering too many of my 'not enough reward for the risks' meter.
Not saying you plan to scam but on a 6 month bond that's definitely going to incur a lot more burnout potential than your prior offerings I just don't think it's worth the risks.
Market Alerts Mailing List
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 16:10:00 -
[15]
Originally by: Taram Caldar
Edited by: Taram Caldar on 24/09/2010 16:01:02
Sorry min buy in 1bil, only 5% ROI and no collateral on a 35bil bond that's pre-announced to expand to 50bil before much longer. On top of that add the fact that it's, in total, going to be a 5-fold increase over previous bonds and that you don't want to get a performance audit to prove NAV, profitability statements from prior bonds, etc.
Good luck on your bond but it's triggering too many of my 'not enough reward for the risks' meter.
Not saying you plan to scam but on a 6 month bond that's definitely going to incur a lot more burnout potential than your prior offerings I just don't think it's worth the risks.
Will add you Taram thx for the trust.I do not plan to raise this to 50b.It will stay at 35b.I never plan to scam if your curious you can ask my old corp mates in BECKS about how much i defend my e-honor.I already stated my reasons to avoid audit its not old man stubborness but the fact that i'm sharing everything i've done and will do with the money.Might as well just leak all my trade secrets if i do that.Not gonna get burn out cuz of the 5%.
knowledge is power |
Einear Lightfingers
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Posted - 2010.09.24 16:36:00 -
[16]
Grozen, I still have a lot of faith in your projects. You did pay on time or early on the monthly dividends for the last to projects. As previously stated in your second project the investment will be returned at the end of September. Is there and chance of rolling that back without receiving the isk and turning around and giving it back?
This is a low percentage compared to your other offerings, but after almost 4 years of EVE myself I understand the need to down play and recharge the batteries. To do that you need to limit spending and in your case your dividends. Personally, I'd rather take the lower interest for the six months with the idea of having a first dibs on your 4 project which I will assume will make the others look like small time operations.
If you allow the rollover of my current investment then keep the isk and consider me down for 2 shares at 500m each. Thanks for the great returns in the past and look forward to the higher yield on project 4.
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 17:06:00 -
[17]
Originally by: Einear Lightfingers
Grozen, I still have a lot of faith in your projects. You did pay on time or early on the monthly dividends for the last to projects. As previously stated in your second project the investment will be returned at the end of September. Is there and chance of rolling that back without receiving the isk and turning around and giving it back?
This is a low percentage compared to your other offerings, but after almost 4 years of EVE myself I understand the need to down play and recharge the batteries. To do that you need to limit spending and in your case your dividends. Personally, I'd rather take the lower interest for the six months with the idea of having a first dibs on your 4 project which I will assume will make the others look like small time operations.
If you allow the rollover of my current investment then keep the isk and consider me down for 2 shares at 500m each. Thanks for the great returns in the past and look forward to the higher yield on project 4.
I already send all isk back so i can't keep it,including yours check your wallet.
However if you haven't seen i did increase the return rate for the last 2months.That is the best i can do.After all i'm trying not to get burnout.
knowledge is power |
Einear Lightfingers
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Posted - 2010.09.24 17:25:00 -
[18]
Edited by: Einear Lightfingers on 24/09/2010 17:31:28
Grozen, I stand corrected. You did indeed send it back on 9/22. Sorry. I missed the jump in my wallet. Sorry, I'll send it back for 2 shares in the 3rd project. Isk sent with reason Investment. Doh, I am having a day with lack of reading skills as well as ignorance of wallet. Please excuse me for my lack of follow through.
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Pantheon Lea
Farmer Boyz
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Posted - 2010.09.24 17:48:00 -
[19]
I was considering to invest in this venture, as is was looking relatively safe, but in less than 24 hours every part of the original plan has been altered.
This shows me that you lack the ability to put together a sound plan, and stick to it. Or that the original plan was wrong in the way that you presented to little return to the investors.
Either way, you are not hardened enough to do big business or to greedy to share a reasonable part of the profit with the investors, both something that disqualify your project to enter my portfolio.
This does NOT mean that this investment is a bad one, just that is is not good enough for me.
Good luck with the IPO i hope you succeed.
 Pantheon Lea
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 19:02:00 -
[20]
Edited by: Grozen on 24/09/2010 19:05:38
Originally by: Pantheon Lea
I was considering to invest in this venture, as is was looking relatively safe, but in less than 24 hours every part of the original plan has been altered.
This shows me that you lack the ability to put together a sound plan, and stick to it. Or that the original plan was wrong in the way that you presented to little return to the investors.
Either way, you are not hardened enough to do big business or to greedy to share a reasonable part of the profit with the investors, both something that disqualify your project to enter my portfolio.
This does NOT mean that this investment is a bad one, just that is is not good enough for me.
Good luck with the IPO i hope you succeed.
It doesn't come to lacking of ability but more to understanding what your investors want, this is the reason the topic is open for discussion so people can voice their opinions and things get changed, would there be a reason for me to welcome ideas if i did nothing after people suggest things?I edited the topic several times merely because i received nice suggestions.As far as sharing profit please open the links to my past phases and see if i didn't paid a good profit.Paying a good % demands higher rl involvement so i need a break in this part thus the lower rate.
Meanwhile i'm open to suggestions regarding this:
1.What do you think should be a fair return rate if i don't want to get burnt out?
2.Should i lower the total amount required even lower?
Please share your constructive opinions they do matter.
knowledge is power |
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berytus
Gallente
Royal Black Watch Highlanders
Warped Aggression
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Posted - 2010.09.24 19:06:00 -
[21]
Edited by: berytus on 24/09/2010 19:08:50
i would like to reserve 2 shares. think thats 1 billion.
edit : 2nd thoughts the ROI is not quite good enough for me. cancel the request please
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Lashka Gar
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Posted - 2010.09.24 19:48:00 -
[22]
Originally by: Grozen
It doesn't come to lacking of ability but more to understanding what your investors want, this is the reason the topic is open for discussion so people can voice their opinions and things get changed, would there be a reason for me to welcome ideas if i did nothing after people suggest things?I edited the topic several times merely because i received nice suggestions.As far as sharing profit please open the links to my past phases and see if i didn't paid a good profit.Paying a good % demands higher rl involvement so i need a break in this part thus the lower rate.
Meanwhile i'm open to suggestions regarding this:
1.What do you think should be a fair return rate if i don't want to get burnt out?
2.Should i lower the total amount required even lower?
Please share your constructive opinions they do matter.
I share the concerns about you not having a solid idea before posting an offering. If you wanted a discussion about viability that's what you should have started, not an IPO seeking reservations. The OP still contains a few errors from incomplete edits.
If you're worried about burnout maybe you should stick with 5% + a cut of the profits and provide a realistic projection of what you expect that to be(and be able to back it up). Is that what you're going for with the 14%?
Right now, it looks like you've thrown a half baked idea out for a not-insignificant amount of isk. I think you can understand the cold feet around MD lately. I'd like to invest but the offer just doesn't feel right.
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 19:59:00 -
[23]
Edited by: Grozen on 24/09/2010 20:05:15
Edited by: Grozen on 24/09/2010 20:04:57
Edited by: Grozen on 24/09/2010 20:03:28
Ah i see what you mean the bb scamm fair enough i will revise my whole topic then i didn't really took that into account.There i think this revision did the job things that have been changed:
1.Return rate upped to 6%
2.Total sum to gather is 15b.
3.Total ipo runing time is now:4months.
I think this is the best i can come up with for now.Even like this its almost sold out.
knowledge is power |
Llu
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Posted - 2010.09.24 21:15:00 -
[24]
Edited by: Llu on 24/09/2010 21:20:45
Going in for another 2 Bil for 4 Bil total in bond #3; oh and Grozen I sent 2 shares back to you earlier thinking I had forgot to send back the bond #2 shares 
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.24 21:21:00 -
[25]
Edited by: Grozen on 24/09/2010 21:22:18
Edited by: Grozen on 24/09/2010 21:21:34
Thanks again Llu as usuall my best investor:), i will please ask of the others who reserved to send their cash too we're nearing the end of the shares so i'd like to start as soon as possible as its not fair keeping money without paying interest.
Almost forgot 4shares left.Yea
knowledge is power |
Taigatoo
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Posted - 2010.09.25 05:20:00 -
[26]
Hello,
I'd like reserve 2 shares, 1 Billion ISK.
Thanks,
-T.
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.25 09:40:00 -
[27]
Edited by: Grozen on 25/09/2010 09:45:05
added ya:)
Money received from Krythas ty. the rest try to send before end of week too please.
knowledge is power |
Dalden V
Blue Lounge Industries
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Posted - 2010.09.25 10:43:00 -
[28]
Originally by: Grozen
Edited by: Grozen on 24/09/2010 20:05:15
Edited by: Grozen on 24/09/2010 20:04:57
Edited by: Grozen on 24/09/2010 20:03:28
Ah i see what you mean the bb scamm fair enough i will revise my whole topic then i didn't really took that into account.There i think this revision did the job things that have been changed:
1.Return rate upped to 6%
2.Total sum to gather is 15b.
3.Total ipo runing time is now:4months.
I think this is the best i can come up with for now.Even like this its almost sold out.
Thanks Grozen, 5B ISK sent.
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Holli Nalt
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Posted - 2010.09.25 11:33:00 -
[29]
I'll take 1 share, if still available.
Contact me in game pls.
Holley
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Grozen
Caldari
Bite me inc.
SRS.
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Posted - 2010.09.25 14:10:00 -
[30]
Edited by: Grozen on 25/09/2010 14:14:15
Originally by: Holli Nalt
I'll take 1 share, if still available.
Contact me in game pls.
Holley
added.Waiting on the rest of the ppl.1share left.
knowledge is power |
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