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Dallas23
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Posted - 2008.07.02 22:35:00 -
[1]
I'm attached to this and reserving 400mil in shares. D23
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Dallas23
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Posted - 2008.07.04 06:47:00 -
[2]
Originally by: Kruntologist Why does the OP totally skip around this line of thought?
You reply before and after these 2 posts so obviously you read them.
Sorry, never, EVER, have I read a thread where the OP conveniently skips over posts they don't like/aren't willing to answer ended up 'honest'..
Your question was answered by Mephie before the post Cosmosray made his offer.
"To answer the 13billion dollar question: We don't want to burn out. I know what mining is like. And I know, mining to survive the early months will kill us. And that's not good for us or you."
We did not feel to need to comment on that offer as of yet. It is a very generous offer and sevrel people have offered to buy the minerals that we mine and we may contact those people about those offers once we were are started.
Now I am going to try and go back to sleep before I ramble on more.
D23
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Dallas23
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Posted - 2008.07.05 09:03:00 -
[3]
Originally by: Amarr Citizen 155
Anyways, the stuff I was going to say has already been said but basically my comment about 13 billion being too much is really what it comes down to. Why purchase 1 year's worth of GTC's per character? Why not purchase them as you go and as they are needed using some of the isk profits? There just seems to be a lot of extra isk in this IPO that doesn't need to be.
That has been explained in the tread already but I will explain it again. The reason we asked for 13 bil is that we did not want to have to dedicate more than 8 hours a week and be able to pay dividends.
Instead of ramping up as the characters became more skilled and being able to to point we could pay a 10% dividends starting the 5th month. We would have dedicate some where around 20 hours a week to just stay afloat. Granted this would become easier as time moved on, but mining to have to survive and pay a respectable dividends would burn us out.
I hope that this clarifies for you why we asked for as much as we did. Jna has already said that he is in for 4 bill which with what Mephie and myself have put in is what is the minimum starting that we said was required and thus have created the characters and getting them the basic skills that they need to begin this project. Mephie and myself have also already provided sets of +3 implants for the characters.
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Dallas23
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Posted - 2008.07.06 00:46:00 -
[4]
Originally by: Zanphear Read my last post on page two, in there I take your words and turn it into math.
in there you said 5 months of 10%, now you say 8..
your now not only a risky investment but also you give random information, your not helping your cause.
If you read that IPO this is for the course of 1 year (12 months) months 1,2 = 3% dividends months 3,4 = 7% dividends months 5-12 = 10% dividends average dividends payments over the course of 1 year = 8.33%
As you said Zanphear you are really tired it may be time to take a nap. This not an insult just a friendly suggestion. I hope that you do get some rest soon.
Cosmoray you are asking the same questions again and again. We have also answered your questions again and again. Please take the time read through the entire post.
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Dallas23
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Posted - 2008.07.07 22:54:00 -
[5]
Originally by: Praetorian I I'd also like to reserve 250million and I'd like to point out that based on statements made thus far I believe you've over diluted and can operate at significantly less financing, without any impact to the planned 8hour/week work schedule.
Please consider repackaging to a smaller seed amount that maximizes efficient use of revenue at each phase thereby increasing potential rewards at year end to shareholders.
Just as general info Mephie and I spoke with Praetorian on a possible repackage of the IPO. What the numbers came out to be was that we wouold have to cap what dividends payments would to be able to pay, we would also be mining-to-surviveÖ, it would eliminate all safety buffers from the current IPO, and there would not even be enough reserve to afford ships, fittings, and skill books. So it is Mephie's and I's opinion to continue with the current IPO.
--Dallas
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