| Pages: [1] :: one page |
|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
BSAC Manager
    |
Posted - 2007.07.12 14:28:00 -
[1]
Previously, we issue an open call for BPO Trustees which was successfully fulfilled. Details can be found elsewhere. We now seek 2 Bil ISK from investors for inventory purposes.
Currently, the total amount invested into the Capital Ship Fund (CSF) is approximately 20.7 Bil. Of that only 1.36 Bil is used for inventory, the rest of the fund is invested in BPOs. It should be noted that 1.36 Bil is barely enough for 2 Obelisk. Yet, BSAC managed to produce parts for 2 Obelisk plus a Pheonix. This was possible because minerals were bought on credit from the Mineral Reserve. With the Charon coming out of ME research and the Obelisk going into ME research, BSAC wants more parts so we can have a smooth transition between the Obelisk and the Charon, which means keeping an inventory for 2 Obelisk, 1 Charon, and 1 Pheonix. Well, thatFs about 3.35 Bil inventory.
I can continue running the CSF with a 2 Bil debt, but that is putting some stress on the Mineral Reserve, which in addition has put a 1 Bil collateral for ME research. The Mineral Reserve is only 5.8 Bil in size, and 3 Bil has been loaned to CSF. I can continue this arrangement, but in the end we need to raise 2 Bil ISK to maintain a healthy production line.
For this purpose, 200,000 tBlock Ship and Ammunitions Sharesv will be sold at 10,000 isk per share. These new shares will be created after the sales of our second Obelisk, which is scheduled out of the fab line on July 18. This is mainly to protect current shareholders. Interested investors should visit our sales thread.
Any concerns, comments, or questions regarding the CSF program should be posted here.
Prospectus
|
Block Ukx
|
Posted - 2007.07.13 16:11:00 -
[2]
A corporate vote to create this shares will be issue on July 24.
BSAC Manager is my alt.
|
BSAC Manager
|
Posted - 2007.07.14 01:50:00 -
[3]
FROM THE SALES THREAD
Originally by: Aeaea
I may be wrong here, but there is absolutely no security at all with your plan since the BPO owners will be hanging on to their BPOs, correct?
What are the expected returns?
What kind of oversight is conducted?
I donFt understand your term tno securityv. The BPO owners are making the parts for BSAC. BSAC provides minerals in exchange for parts. This seems to be working very well. DonFt hesitate to contact the BPO Trustees. Consider the BPO owners that invested as partners in this venture. From their point of view their investment (The BPO) is 100% safe with them.
We achieved a 2.5% ROI from the sales of our first Obelisk.
Taken from the Prospectus
8. Performance Information:
Our goal is to sell as many ships as possible while maintaining a significant return on investment. BSACs pricing strategy is to attain a minimum 30% sales margin. This is achieved by a combination of highly researched BPOs and mineral price negotiations between the Reserve and BSAC manufacturing.
The following numbers were calculated assuming a BPO ME 0, and a 30% sales margin.
Phase I Performance:
Fenrir projected sales price: 940 million { ROI /ship: 2.06%
Obelisk projected sales price: 970 million { ROI/ship 2.29%
Target: 2-4 ships per month
Target Monthly ROI: 4.35% - 8.70%
Phase II Performance:
Fenrir projected sales price: 940 million { ROI /ship: 0.72%
Obelisk projected sales price: 970 million { ROI/ship 0.81%
Phoenix projected sales price: 1,800 million { ROI/ship 1.60%
Target: 3-6 ships per month
Target Monthly ROI: 4.70% - 9.40%
These are very conservative numbers and include the 15% management fee. However, this is not a guarantee that the Fund will achieve such returns.
My self and the BPO Trustees are overseeing this project.
|
Block Ukx
|
Posted - 2007.07.16 10:54:00 -
[4]
DonFt hesitate to convo me if you have any questions. IFm usually online 9-10 PM Eastern Time.
|
BSAC Manager
|
Posted - 2007.07.19 11:19:00 -
[5]
We sold our second Obelisk and issued a corporate vote to create the new shares. Shares will be distributed soon after the vote ends in 3 days.
|
BSAC Manager
|
Posted - 2007.07.23 11:16:00 -
[6]
Shares have been created and will be distributed tonight.
|
BSAC Manager
|
Posted - 2007.07.25 14:09:00 -
[7]
We have distributed 82,500 shares to their rightful owners, and 117,500 shares remain available till the end of the day. We have a pledge from a current investor to pick 100,000 shares if not sold to the public. Any remaining shares will be purchase by BSAC as Treasury stock.
|
BSAC Manager
|
Posted - 2007.07.27 10:49:00 -
[8]
I'm happy to report that BSAC successfully raised 2 Bil ISK, and that we will commence Charon production today. The Obelisk BPO will be send to the lab for ME research as soon as it comes out of the fab line.
THIS CONCLUDES PHASE II
Proposed next expansion phase: October 2007
|
|
|
| |
|
| Pages: [1] :: one page |
| First page | Previous page | Next page | Last page |