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Block Ukx
Forge Laboratories
30
|
Posted - 2011.04.07 21:17:00 -
[1] - Quote
Welcome to Block Ships and Ammunitions Corporation (BSAC). Our mission is to manage the largest publically funded Mineral Reserve in the EVE universe. In addition, the BSAC Stock Exchange provides you with the only real-time exchange available to pod pilots. In here you will find important news, market information, and updates concerning your BSAC investments.
Investors are welcome!
Recent Events
- April 9 - MRBLOCKBOZ15 zero coupon bond PAID.
Calendar
- May - Short selling coming to the Exchange.
Services
Recent Reports
Mineral Reserve Dollar Currency Standard 18,000 MRD = 850 Tritanium + 480 Pyerite + 78 Mexallon + 26 Isogen + 20 Nocxium + 2 Zydrine + 1 Megacyte |
Block Ukx
Forge Laboratories
30
|
Posted - 2011.04.07 21:17:00 -
[2] - Quote
BSACGÇÖS FAMILY OF FUNDS
BSAC manages12 investment Funds mostly vested in the mineral and manufacturing markets. Each Fund has its own operational guideline and investment profile that is described in the corresponding prospectus. An overview of the Funds is shown below.
Mineral Indices (6 Funds) 100 % liquid stock vested in the mineral market. One share equals one mineral unit.
Mineral Reserve GÇô Growth Fund 60 % liquid stock vested in the mineral market. Fund vested according to long-term mineral price forecasts.
Mineral Reserve GÇô Income Fund Trade only Mutual Fund vested in Mineral Indices. Excess income is distributed to investors.
Mineral Reserve Dollar 100% liquid currency backed by a mineral basket based on BSACGÇÖs MRD standard to track inflation.
Capital Ships Fund Trade only Orca and Freight manufacturing stock. 90% profits distributed among investors.
Zero Coupon Bonds 100% liquid bond vested in commodities Interest and principal paid at maturity.
Cash Reserve 100% liquid savings vested in non-mineral Commodities. Interests paid after the end of the month. |
Block Ukx
Forge Laboratories
30
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Posted - 2011.04.07 21:17:00 -
[3] - Quote
reserve |
Block Ukx
Forge Laboratories
30
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Posted - 2011.04.07 21:17:00 -
[4] - Quote
reserve |
Liberty Eternal
Taggart Transdimensional Virtue of Selfishness
0
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Posted - 2011.04.07 22:33:00 -
[5] - Quote
Ponzi |
Block Ukx
Forge Laboratories
30
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Posted - 2011.04.07 22:59:00 -
[6] - Quote
FIVE YEARS OF CONTINUING DEDICATION
Every major success story comes with its critics, and BSAC is no exception. BSAC is without a doubt the largest publically own corporation. BSAC was founded in May 2006 and became a publically traded corporation in August 2006. Its original goal was to manufacture affordable frigates and medium ammunitions in the Metropolis Region. Our initial operational budget was 448 M ISK. We have grown substantially over the past five years. At present, we manage over 700 Billion ISK.
Several scrupulous individuals have taken the irresponsible attempt to discredit BSAC. These individuals have been spreading rumors and lies about our operations and have yet to present any evidence supporting their unfounded allegations. I would like to remind everyone that BSAC is the only corporation in EVE that operates several 100% liquid Funds; investors can de-invest anytime at 100% of the share intrinsic price.
As always, we required our investors to read the prospectus before investing so they understand if the Fund is the right investment for them.
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Loney
CyberDyne R-D
2
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Posted - 2011.04.07 23:00:00 -
[7] - Quote
This is a great service that has been going on for some time now.
CyberDyne R-D : Capital Ship Sales
If i didn't have my own supply I would invest in this one! |
Breaker77
Reclamation Industries
3
|
Posted - 2011.04.07 23:20:00 -
[8] - Quote
Block Ukx wrote:
Several scrupulous individuals have taken the irresponsible attempt to discredit BSAC. These individuals have been spreading rumors and lies about our operations and have yet to present any evidence supporting their unfounded allegations. I would like to remind everyone that BSAC is the only corporation in EVE that operates several 100% liquid Funds; investors can de-invest anytime at 100% of the share intrinsic price.
While I have not invested in BASC and neither endorse nor oppose it. It is worth mentioning that almost all offers on MD require the person seeking investment to prove it is not a scam which is usually in the form of API audits to verify statements the investee makes,
We have yet to see any 3rd party (outside of BASC) verification of assets, ISK, and total NAV.
Block, when are planning on getting the audit information available you mentioned a while ago?
fakeedit: 1st post on new forums!
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Block Ukx
Forge Laboratories
30
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Posted - 2011.04.07 23:33:00 -
[9] - Quote
Breaker77 wrote: Block, when are planning on getting the audit information available you mentioned a while ago?
Our full transparency project has been placed at the bottom of my to-do list. At present, the lack of contract API renders our initial proposal worthless. In addition, the inability to block emails from the API is a major security risk. Currently, the BOD has the CSF API key and can verify the existence of the CSF assets.
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Tutskii
16
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Posted - 2011.04.08 00:05:00 -
[10] - Quote
Block Ukx wrote: FIVE YEARS OF CONTINUING DEDICATION
Every major success story comes with its critics, and BSAC is no exception. BSAC is without a doubt the largest publically own corporation. BSAC was founded in May 2006 and became a publically traded corporation in August 2006. Its original goal was to manufacture affordable frigates and medium ammunitions in the Metropolis Region. Our initial operational budget was 448 M ISK. We have grown substantially over the past five years. At present, we manage over 700 Billion ISK.
Several scrupulous individuals have taken the irresponsible attempt to discredit BSAC. These individuals have been spreading rumors and lies about our operations and have yet to present any evidence supporting their unfounded allegations. I would like to remind everyone that BSAC is the only corporation in EVE that operates several 100% liquid Funds; investors can de-invest anytime at 100% of the share intrinsic price.
As always, we required our investors to read the prospectus before investing so they understand if the Fund is the right investment for them.
I am not sure that that word means what you think it means. |
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Poison
Forge Laboratories
1
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Posted - 2011.04.08 00:12:00 -
[11] - Quote
Block Ukx wrote: FIVE YEARS OF CONTINUING DEDICATION
Every major success story comes with its critics, and BSAC is no exception. BSAC is without a doubt the largest publically own corporation. BSAC was founded in May 2006 and became a publically traded corporation in August 2006. Its original goal was to manufacture affordable frigates and medium ammunitions in the Metropolis Region. Our initial operational budget was 448 M ISK. We have grown substantially over the past five years. At present, we manage over 700 Billion ISK.
Several scrupulous individuals have taken the irresponsible attempt to discredit BSAC. These individuals have been spreading rumors and lies about our operations and have yet to present any evidence supporting their unfounded allegations. I would like to remind everyone that BSAC is the only corporation in EVE that operates several 100% liquid Funds; investors can de-invest anytime at 100% of the share intrinsic price.
As always, we required our investors to read the prospectus before investing so they understand if the Fund is the right investment for them.
There are a few people who try to flame block for doing a good job. Either they are Jealous or are trying to make a name for themself at blocks expense. Block has been doing a great job for 5 years and I would like to see what these "Few" people will be saying in another 5 years. My guess is the same thing.... |
Edwin Rothbard
Interstellar Arbitrage
5
|
Posted - 2011.04.08 01:20:00 -
[12] - Quote
On second thought i'll take my mother's advice here. |
Selene D'Celeste
The D'Celeste Trading Company ISK Six
49
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Posted - 2011.04.08 02:07:00 -
[13] - Quote
Good to see we're starting out on the new forum the same as the old forum. Heh. |
Dethmourne Silvermane
Northstar Cabal R.A.G.E
0
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Posted - 2011.04.08 02:16:00 -
[14] - Quote
MD is just CAOD for econ geeks. |
Jimmina
World Eaters Excavation
1
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Posted - 2011.04.08 03:02:00 -
[15] - Quote
Been a modest investor (about 50 mil currently) since last summer. No issues sending isk in or out of my account. Looking forward to some of the new stuff on the exchange as well as a period of deflation so I can go long on minerals again.
Keep up the good work! |
Khanid Voltar
Dark-Rising
2
|
Posted - 2011.04.08 05:43:00 -
[16] - Quote
I think the haters hate because Block refuses to jump through the more elaborate loops that Joe Average jumps through while trying to get their first few IPO's off the ground (and lets face it BSAC is 5 years old now).
I have little doubt that once the appropriate API functionality become available, an audit will be done. I also have little doubt that the audit wont be enough to please everybody and there will still be hecklers from the sidelines.
Got about 12.5B invested with BSAC atm in various investments, have never had an issue withdrawing any of it. I see it as as safe as anything can be in this game.
KV
[edit] for those of you who are gonna mock / hate me for admitting my investment within BSAC, you know where the door is. Constructive criticism is welcome; unfortunately a lot of the trolls are anything but constructive. |
Khanid Voltar
Dark-Rising
2
|
Posted - 2011.04.08 05:51:00 -
[17] - Quote
Tutskii wrote:Block Ukx wrote:
Several scrupulous individuals have taken the irresponsible attempt to discredit BSAC.
I am not sure that that word means what you think it means.
I reckon the word was originally unscrupulous but he changed it to avoid starting a flame war before posting. Scrupulous is quite a good word I reckon within that context, by calling his detractors that Block is showing respect for them before firmly saying they are incorrect as well. |
Vaerah Vahrokha
Vahrokh Consulting
7
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Posted - 2011.04.08 07:25:00 -
[18] - Quote
Imho there are things that cannot be proven but with years and years of continued excellence. Audits won't be able to prove BSAC records thru years of story, they are just too limited and no one would actually pay for such an audit.
Having done audits on some major entities, my "gut feelings" evaluate this as a 5B+ audit, few would shell out so much vs the real limitations of what may be actually determined with the API tools at our disposal.
But Block (imho again) is causing more annoyance than real concern, in the sense that he talks like he's still living in 2007, when all you had to do was to prove you didn't had Riethe as alt on your account. A time when people could afford to play the offended bear when someone else would even suggest possible trust issues with their business. A behavior nowadays some would consider "MD Elitist" and made ancient and outdated by all the traumatic business events happened starting in the last years. |
Elise DarkStar
DarkCorp Capital Group
2
|
Posted - 2011.04.08 07:43:00 -
[19] - Quote
Has he mentioned opaque? Let's not forget opaque.
BSAC is a farcically overcomplicated web of supposed assets whose actual practicality has never been justified. If you want to play imaginary spaceship businessman without any real connection to the actual Eve market, then by all means this is the place to be. Otherwise, steer well clear. |
Kalrand
GoonWaffe Goonswarm Federation
0
|
Posted - 2011.04.08 10:46:00 -
[20] - Quote
Has anyone mentions that this is a thinly veiled ponzi scheme yet? |
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Atima
House of Marbles
3
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Posted - 2011.04.08 11:05:00 -
[21] - Quote
Kalrand wrote:Has anyone mentions that this is a thinly veiled ponzi scheme yet?
Not that I've noticed. Thats for bringing it to our attention. |
Lauren Hellfury
Full Pocket Aggro
1
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Posted - 2011.04.08 12:40:00 -
[22] - Quote
I'm currently on a "being nice to Block" kick at the moment. No idea why, it's just the way I roll.
Tutskii: Whilst I agree that Block stating unscrupulous people would be more in keeping with an attacking post I actually believe that he intentionally avoided that. Given some of the people that this would apply to it is a shrewd move.
I may not always agree with what Block (or anyone else for that matter) does or says but my stupid over-developed pragmatism tends to get in the way of outright hostility towards anyone.
I do, however, have a question. One that is likely borne out of ignorance. How do you operate funds with 100% liquidity whilst also having vested interests in certain areas? Would I be correct to assume that these funds operate on true day-trading principles?
(Also, welcome to the new forums me \o/) |
EBANK SencneS
Eve-Tech Savings n Loans
1
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Posted - 2011.04.08 15:05:00 -
[23] - Quote
Means about as much as spec of dirt in an ocean of mud. However, BSA did honor the 23B + withdrawal made by the liquidated BSAMR Shares well within the 24-48 hour time frame. That ISK was part of the liquidation process and is in the Corporate wallet used by current EBANK Directors have access to.
While 23 Billion is about 5% of BSAC's public holdings, it was honored in a better then expected time frame.
I don't know many "thinly vialed Ponzi schemes" that can come up with 5% of their NAV within a few hours, and still remain operational with any degree.
Thank you for your time.
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Khanid Voltar
Dark-Rising
2
|
Posted - 2011.04.08 15:42:00 -
[24] - Quote
I'm not trying to be picky but that post doesn't read very well. I read it as the following, is this correct?
EBANK SencneS wrote:Means about as much as spec of dirt in an ocean of mud, but BSA did honor the 23B + withdrawal made by EBANK liquidating BSAMR Shares well within 24-48 hours of the request. That ISK is part of the EBANK liquidation process and is in the Corporate wallet that the current EBANK Directors have access to.
While 23 Billion is about 5% of BSAC's public holdings, it was honored in a better then expected time frame.
I don't know many "thinly veiled Ponzi schemes" that can come up with 5% of their NAV within a few hours, and still remain operational with any degree.
Thank you for your time.
-edit Just had to read it a few times to try and fully understand what you meant, and there are still some elements of ambiguity in what you posted. Please note that I am not implying any obfuscation on your part though. |
Elise DarkStar
DarkCorp Capital Group
2
|
Posted - 2011.04.08 15:52:00 -
[25] - Quote
EBANK SencneS wrote:I don't know many "thinly vialed Ponzi schemes" that can come up with 5% of their NAV within a few hours, and still remain operational with any degree.
Why not? A ponzi scheme could come up with 99% of their nav and still remain operational. Why does a few hours matter? They either have the money or don't; a ponzi scheme is actually likely to have a higher liquidity ratio than a genuine investment.
Do you mean "alleged" NAV? Ponzi shemes pay out >5% of their "alleged" NAV all the time. In fact, considering the hallmark of a Ponzi scheme is that they pay above average rates for whatever milieu they operate in, I'd say the vast majority of ponzis pay out above 5% of their alleged NAV regularly. In fact, I'd even go so far as to call you a drooling ****** who should never post again.
Thank you for your time.
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Caldari FTW123
School of Applied Knowledge Caldari State
4
|
Posted - 2011.04.08 15:55:00 -
[26] - Quote
EBANK SencneS wrote:Means about as much as spec of dirt in an ocean of mud. However, BSA did honor the 23B + withdrawal made by the liquidated BSAMR Shares well within the 24-48 hour time frame. That ISK was part of the liquidation process and is in the Corporate wallet used by current EBANK Directors have access to.
While 23 Billion is about 5% of BSAC's public holdings, it was honored in a better then expected time frame.
I don't know many "thinly vialed Ponzi schemes" that can come up with 5% of their NAV within a few hours, and still remain operational with any degree.
Thank you for your time.
You're on the BSAC board, so I'm not sure how much this post means either .. I suspect not a lot. |
Khanid Voltar
Dark-Rising
2
|
Posted - 2011.04.08 16:09:00 -
[27] - Quote
Caldari FTW123 wrote:You're on the BSAC board, so I'm not sure how much this post means either .. I suspect not a lot.
Perhaps that is why it means about as much as speck of dirt in an ocean of mud? Just thought of that while washing up.
KV |
SencneS
Rebellion Against Big Irreversible Dinks
7
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Posted - 2011.04.08 16:22:00 -
[28] - Quote
EBANK SencneS is not on the Board of the Directors at BSA.. I am. but I forgive the confusion, When I post as EBANK SencneS I post as representative of EBANK, not BSA. You'll do wise to make that distinction.
Either way, As I don't have a character in any BSA In-Game corporations I can not unequivocally confirm that BSA or any of it's in-game corporations have funds available to honor such a large withdrawal of their reported public holdings.
I think give credit where credit is due, it could have just as easily been Ray or AC155 that was listed as EBANK Trustee, and they could have reported the exact same thing. Yet coming from me it's worthless it means squat... lol you're ignorance is astounding.
Ray and AC155 can confirm any time if they wanted to that 23odd Billion was deposited into an EBANK Corporate wallet. They all have access to it. If they do or don't it doesn't bother me either way. Fact is, EBANK obtained the 23+ Billion ISK as a result of liquidated BSAMR Shares, and BSA processed with withdrawal in a timely manner.
It doesn't matter who at EBANK did it, the fact it was done deserves some credit. ~5% of public holdings could hurt BSA's performance, it's worthy of mentioning it on that fact alone. EBANK removed 23Billion of BSA's liquid ISK, the impact could hurt BSA's next months performance, it might not make any difference at all.
Elise I would also say that you're about as sharp as a nugget of fecal matter... If a Ponzi scheme came up with 99% of it's holdings in a few hours, most people would hardly call it a Ponzi scheme. Maybe you should look up what a Ponzi Scheme does before you comment again.
"Alleged"... Classic because you literally made yourself look even more mentally deficient.
Lets see.. Alleged meaning it's incorrect. If it was "more" then the 450B that 5% would be less which would also make it not a Ponzi Scheme because they hold more ISK and assets then they have in public debt.. It it was less, then that 5% could mean 100% assuming they only had 23Billion REAL NAV vs their 450B Alleged NAV.. Which would shut down their operation entirely, and that would be a definition of Ponzi Scheme. But they wouldn't totally destroy this because they'd be unable to maintain appearances..
Thanks for indirectly supporting my argument numb nuts.. |
Caldari FTW123
School of Applied Knowledge Caldari State
4
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Posted - 2011.04.08 16:27:00 -
[29] - Quote
SencneS wrote:EBANK SencneS is not on the Board of the Directors at BSA.. I am. but I forgive the confusion, When I post as EBANK SencneS I post as representative of EBANK, not BSA. You'll do wise to make that distinction.
Either way, As I don't have a character in any BSA In-Game corporations I can not unequivocally confirm that BSA or any of it's in-game corporations have funds available to honor such a large withdrawal of their reported public holdings.
I think give credit where credit is due, it could have just as easily been Ray or AC155 that was listed as EBANK Trustee, and they could have reported the exact same thing. Yet coming from me it's worthless it means squat... lol you're ignorance is astounding.
Ray and AC155 can confirm any time if they wanted to that 23odd Billion was deposited into an EBANK Corporate wallet. They all have access to it. If they do or don't it doesn't bother me either way. Fact is, EBANK obtained the 23+ Billion ISK as a result of liquidated BSAMR Shares, and BSA processed with withdrawal in a timely manner.
It doesn't matter who at EBANK did it, the fact it was done deserves some credit. ~5% of public holdings could hurt BSA's performance, it's worthy of mentioning it on that fact alone. EBANK removed 23Billion of BSA's liquid ISK, the impact could hurt BSA's next months performance, it might not make any difference at all.
Elise I would also say that you're about as sharp as a nugget of fecal matter... If a Ponzi scheme came up with 99% of it's holdings in a few hours, most people would hardly call it a Ponzi scheme. Maybe you should look up what a Ponzi Scheme does before you comment again.
"Alleged"... Classic because you literally made yourself look even more mentally deficient.
Lets see.. Alleged meaning it's incorrect. If it was "more" then the 450B that 5% would be less which would also make it not a Ponzi Scheme because they hold more ISK and assets then they have in public debt.. It it was less, then that 5% could mean 100% assuming they only had 23Billion REAL NAV vs their 450B Alleged NAV.. Which would shut down their operation entirely, and that would be a definition of Ponzi Scheme. But they wouldn't totally destroy this because they'd be unable to maintain appearances..
Thanks for indirectly supporting my argument numb nuts..
a) There is no distinction just because you use a different character name, it's still you b) I wasn't saying you are lying about getting the isk from BSAC, I am saying there is a direct conflict of interest between the person vouching for trust of BSAC and the fact that said person represents BSAC directly as part of it's board. You are not an independent voice. |
SencneS
Rebellion Against Big Irreversible Dinks
7
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Posted - 2011.04.08 16:37:00 -
[30] - Quote
Caldari FTW123 wrote: a) There is no distinction just because you use a different character name, it's still you
b) I wasn't saying you are lying about getting the isk from BSAC, I am saying there is a direct conflict of interest between the person vouching for trust of BSAC and the fact that said person represents BSAC directly as part of it's board. You are not an independent voice.
While the person sitting behind the keyboard is the same, posting from an EBANK perspective is not wrong. Remove the person what happened? EBANK requested 23 B from BSA, and BSA paid it...
Either you can choose to use this as a sign of trust, or at least honor of debt or you don't. The message about what was done is important, not the messenger.
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