| Author |
Topic |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.13 00:43:00 - [ 1]
Edited by: Rebuen Gain on 24/02/2007 01:54:56
After the first week of Gain's Trading activity, a dividend of 50 million ISK has been paid, as planned.
Shares
Total shares: 1000
Shares owned by [GAINS]: 25.1% (251 shares)
Shares owned by Rebuen Gain: 25.0% (250 shares)
Shares sold to public: 49.9% (499 shares)
IPO share price: 1,000,000 ISK
Starting capital: 499,000,000 ISK
Dividend
Total dividend paid to date: 50,000,000 ISK
Last week's dividend: 50,000,000 ISK
Last week's dividend/share: 50,000 ISK
Capital (snapshot @ 2007-01-13 00:30)
Corporation wallet balance: 270,493,888 ISK
Total ISK in Escrow (buying, approx.): 257,560,000 ISK
Total ISK in Market (selling, approx.): 10,790,000 ISK
Value of assets (approx.): 56,700,000 ISK
TOTAL (approx.): 595,543,888 ISK (+19.1% since last week)
The approximate values are the values of items, which vary with time and location |
Mular Sumnar
Gallente
Espire
|
Posted - 2007.01.13 11:19:00 - [ 2]
Nice start to your company Rebuen!! Keep it up =)
Mular |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.19 20:50:00 - [ 3]
Edited by: Rebuen Gain on 19/01/2007 20:46:44
After the second week of Gain's Trading activity, a dividend of 60 million ISK has been paid.
Dividend
Total dividend paid to date: 110,000,000 ISK
Last week's dividend: 60,000,000 ISK
Last week's dividend/share: 60,000 ISK
Total dividend/share: 110,000 ISK (11% of value)
Capital (snapshot @ 2007-01-19 20:40)
Corporation wallet balance: 136,061,921 ISK
Total ISK in Escrow (buying, approx.): 394,235,941 ISK
Total ISK in Market (selling, approx.): 262,228,400 ISK
Value of assets (approx.): 21,100,000 ISK
TOTAL (approx.): 813,626,262 ISK (+36.6% since last week, +62.7% since start)
The approximate values are the values of items, which vary with time and location. |
David H'Levi
Sniggerdly
Pandemic Legion |
Posted - 2007.01.19 22:47:00 - [ 4]
Looks like I missed this boat. If I start screaming Ponzi loud enough, do you think someone would sell me his shares...?  |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.20 01:34:00 - [ 5]
 Originally by: David H'Levi
Looks like I missed this boat.
If I start screaming Ponzi loud enough, do you think someone would sell me his shares...?
You might try asking the shareholders that have decided to share their identities with the rest of doubtful forums: Linkage. |
Mular Sumnar
Gallente
Espire
|
Posted - 2007.01.21 00:48:00 - [ 6]
11% in 2 weeks, Awesome job Rebuen!! |
Sophie Marceaux
Akhetaten |
Posted - 2007.01.22 12:43:00 - [ 7]
Excellent work Rebuen  I am hopeful that GAINS will prove to be as sucessful as 'Everyshore Investments', which if I remember correctly have so far provided the best return on investment of any fully public IPO launched.... shares of which I also purchased at launch \0/ Looking forward to Rebuens next update  Sophie |
Lord Five |
Posted - 2007.01.25 20:03:00 - [ 8]
Edited by: Lord Five on 25/01/2007 21:59:15Edited by: Lord Five on 25/01/2007 21:58:42Nice start mate, keep up the good work. PS: He has not yet started trading with big toys guys  , hold on to this guy hes worth it [/url]  Please visit your user settings to enable images. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.25 21:46:00 - [ 9]
Edited by: Rebuen Gain on 25/01/2007 21:44:04
Thanks Lord, but please don't put me into the same league as the real hardcore traders that live in this forums :). I'm just doing my best to keep the promises I've made to my investors.
Oh, I've just broken 1 billion ISK barrier today. A bonus dividend of 50M ISK has been paid :). This one goes from my personal wallet as a "thank you" to the initial investors - you've made it possible!
Saturday dividend will be paid as planned. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.26 21:03:00 - [ 10]
Edited by: Rebuen Gain on 26/01/2007 21:00:51
After the third week of Gain's Trading activity, a dividend of 140 million ISK has been paid.
Dividend
Total dividend paid to date: 250,000,000 ISK
Last week's dividend: 140,000,000 ISK
Last week's dividend/share: 140,000 ISK
Total dividend/share: 250,000 ISK (25% of value)
Capital (snapshot @ 2007-01-26 20:50)
Corporation wallet balance: 141,572,051 ISK
Total ISK in Escrow (buying, approx.): 86,062,500 ISK
Total ISK in Market (selling, approx.): 944,094,168 ISK
Value of assets (approx.): 3,360,000 ISK
TOTAL (approx.): 1,175,088,719 ISK (+44.4% since last week, +135.0% since start)
The approximate values are the values of items, which vary with time and location. |
Robacz
Essence Enterprises
|
Posted - 2007.01.26 21:06:00 - [ 11]
Great job. |
Braendig |
Posted - 2007.01.26 22:46:00 - [ 12]
Phenomenal job. You're rivaling Proton. :) |
Mular Sumnar
Gallente
Espire
|
Posted - 2007.01.27 19:56:00 - [ 13]
Love to see the ISK rolling in. Great Job =) |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.01.29 14:56:00 - [ 14]
Due to RL issues I have to suspend operations this week. A guaranteed dividend of 50M (5%) will be paid this Saturday.
The operation will be resumed on February 5th, together with share buyback.
Please note this does not affect the reliability of the investment that the initial shareholders have made. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.03 23:55:00 - [ 15]
After the fourth week of Gain's Trading activity, a dividend of 50 million ISK has been paid.
Dividend
Total dividend paid to date: 300,000,000 ISK
Last week's dividend: 50,000,000 ISK
Last week's dividend/share: 50,000 ISK
Total dividend/share: 300,000 ISK (30% of value)
Capital (snapshot @ 2007-02-03 23:50)
Corporation wallet balance: 1,203,425,425 ISK
Total ISK in Market (selling, approx.): 10,202,687 ISK
TOTAL (approx.): 1,213,628,112 ISK (+3.3% since last week, +142.7% since start)
The approximate values are the values of items, which vary with time and location.
Gains Trading will resume normal operation on Monday. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.04 21:13:00 - [ 16]
Gain's Trading has made it to RESXI've placed the first buy order, as promised - 20 shares for 1.2M ISK each (20% instant profit). Have fun! GAINS on RESX |
Ray McCormack
Kisoken Innovations |
Posted - 2007.02.04 22:30:00 - [ 17]
Any relation to the Herbalife magnate?
|
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.10 12:11:00 - [ 18]
Edited by: Rebuen Gain on 10/02/2007 12:08:42
After the fifth week of Gain's Trading activity, a dividend of 100 million ISK has been paid.
Dividend
Total dividend paid to date: 400,000,000 ISK
Last week's dividend: 100,000,000 ISK
Last week's dividend/share: 100,000 ISK
Total dividend/share: 400,000 ISK (40% of value)
Capital (snapshot @ 2007-02-10 12:00)
Corporation wallet balance: 653,400,200 ISK
Total ISK in Escrow (buying, approx.): 532,462,500 ISK
Total ISK in Market (selling, approx.): 214,039,622 ISK
TOTAL (approx.): 1,578,802,322 ISK (+30.1% since last week, +215.8% since start)
The approximate values are the values of items, which vary with time and location.
EDIT: formatting |
Robacz
Essence Enterprises
|
Posted - 2007.02.10 14:55:00 - [ 19]
Very nice, thanks! |
Mular Sumnar
Gallente
Espire
|
Posted - 2007.02.10 16:17:00 - [ 20]
Another great week =) |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.11 23:30:00 - [ 21]
It's been a week since GAINS is publically traded on RESX. A quick glance at the current situation of the shares and their history shows that there's been much interest in obtaining the GAINS shares, but no interest in selling them at all. A couple of CEOs of other corporations, and also independent investors, have contacted me asking if there's going to be another issue of GAINS shares. According to my initial plan, I told them that I'll be personally buying back the GAINS shares and will be gradually making my operation private. It seems that the success Gain's Trading has achieved is surprising even for me, the only person responsible for operating the corporation. I couldn't buy back any shares, even though I've placed a buy offer on RESX and tried to outbid the persons who managed to outbid my offer. That, and a conversation I've had recently, has pushed me into another direction. Dear shareholders, investors, and business opportunity seekers, I would like to create another 9000 shares of Gain's Trading, 4500 of which would be supposed to be sold to public. GAINS would keep 4500 shares, totaling 4751 shares, Rebuen Gain (me) would keep 250 currently owned shares. The shares would be sold via RESX in batches of 500 per day over the period of 9 days to allow shareholder diversification (I don't want the shares to go to one rich investor). GAINS and Rebuen Gain would keep over 50% of the shares to maintain control over the corporation and protect the corporation from a takeover. Also, all personal assets of Rebuen Gain (except these essential for the operation) would be transferred to another character, making Rebuen Gain a representative of the corporation only. This would allow for complete protection of all assets in an unlikely event of takeover. My personal salary mechanisms would still work because of transfering all the shares to my main character. GAINS would continue its trading operation as usual, expanding its main area of operation to regions other than The Forge (but still in the Empire). The dividends would be kept at guaranteed 50,000 ISK every week. For maximum security, a dedicated character will be created for hauling, whose identity will not be disclosed. The character will be kept in an NPC corporation to protect from empire piracy. Because of scaling the operation, reporting and discussion would be moved to Wordpress site. Current shareholders have been just asked to vote. Timeline of share issue:2007.02.12 (Monday) - this announcement and shareholder vote start 2007.02.16 (Friday) - shareholder vote end 2007.02.17 (Saturday) - eventual share issue start 2007.02.25 (Sunday) - eventual share issue end I would like to hear your opinions now. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.11 23:39:00 - [ 22]
One more important thing, which deserves a separate post.
I would be selling the shares in batches of 500 by fulfilling active buy orders on RESX.
This means that the price you want to pay for every share is decided by the investors. I won't be selling shares at a fixed price. It may be something new to everyone, maybe I will start a trend :). |
c1iche |
Posted - 2007.02.11 23:44:00 - [ 23]
I've been very pleased with the performance of GAINS shares; which I note are presently trading at 8M isk each!
However I'm not sure a share issue can in any way be beneficial to the present share holders - it will dilute the value of existing shares (potentially tenfold!). And as anyone who has tried EVE trading will probably agree, it becomes increasingly difficult to make the same percentage profit as your bankroll increases.
So I vote no on this issue.
nb if it were to go ahead; it would seem the only way to avoid an immediate dilution would be to price the new shares at the present 8M... |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.11 23:51:00 - [ 24]
Originally by: c1iche
I've been very pleased with the performance of GAINS shares; which I note are presently trading at 8M isk each!
However I'm not sure a share issue can in any way be beneficial to the present share holders - it will dilute the value of existing shares (potentially tenfold!). And as anyone who has tried EVE trading will probably agree, it becomes increasingly difficult to make the same percentage profit as your bankroll increases.
So I vote no on this issue.
nb if it were to go ahead; it would seem the only way to avoid an immediate dilution would be to price the new shares at the present 8M...
c1iche, the dilution would not actually happen. The value of shares in EVE is represented by the dividend they bring. The dividend I will be paying out will be 50,000 ISK per share - same as for initial shareholders who bought shares for 1M ISK per share. The only change in the dividends I'm paying is - paying out more dividend. To satisfy 50,000 ISK per share I have to pay 50M ISK per week (with 1,000 shares). Simple math - with 10,000 shares I will have to pay 500M ISK per week. The catch here is - the RESX market will tell the real value of GAINS shares - they are really worth as much as people are willing to pay. My bet is - the price of GAINS shares (represented by buy orders) will be higher than at the IPO, therefore current shareholders will get an opportunity to sell their shares if they feel they're losing value. I think it's a fair deal. It's up to the shareholders to decide whether they trust I could make 500M ISK each week or not. |
Braendig |
Posted - 2007.02.11 23:54:00 - [ 25]
For the reasons mentioned above, I, too, will be voting "No" with my shares.
In the event that this diversification does occur, I expect I will be selling my position in the company as the percentage return will be significantly reduced. |
c1iche |
Posted - 2007.02.12 00:04:00 - [ 26]
Edited by: c1iche on 12/02/2007 00:11:13
Sadly the way creating extra shares works in EVE works is different to the real world as far as I can tell.
Imagine I own 100 shares of a total of 1000 - ie 10% of the company
Real world - you wish to increase to 10000; you would split the shares 10:1. At the end of this I would own 1000 shares (still 10%)
EVE - the extra 9000 shares are created from nowhere and I continue to own only 100 shares - ie 1%
The present value of Gain's Trading consists of more than its ISK and assets; it includes the time and effort people perceive will be put into it by yourself (a wholly imaginary, but calculable number).
The total value can be roughly taken to be the number of shares - 1000 - multiplied by the price they are trading at (8M). So GAINS is presently perceived to be worth 8 billion; of which only 1.5 billion appears to be hard assets (whether that's an over-value is up to the users of RESX to decide).
By satisfying demand with extra shares created, the value of GAINS shares /will/ drop - it's simple supply/demand. The extra capital generated by the share issue can only make up for the drop if you price these new shares sufficiently high - hence my 8M comment above. If prices drop, the current shareholders lose out.
The other way you could do this would be to treat it as a real-life share split. I'm not sure it's possible in-game, but you would have to give every current shareholder 9 new shares for every share they currently hold. This would leave the corp with 2510, and you with 2500. However, selling these new shares would leave you vulnerable.
PS (&edit) - for interest's sake: Things in EVE appear to be valued roughly at the 1-year expected profit. For a 50k minimum dividend (2.6M/yr) that would value GAINS shares at just over 4M each (includes the 1.6B capital). In fact, GAINS has been out-performing and has been an average of 80k (4.2M/yr) so I'd guess the shares should presently be worth about 5.8M. |
Dark Shikari
Caldari
Deep Core Mining Inc.
|
Posted - 2007.02.12 00:16:00 - [ 27]
I will only support a share issue if the shares are sold at reasonably above IPO price, like EMFI did.
Penalizing current shareholders is bad IMO. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.12 00:23:00 - [ 28]
TBH, the 8M ISK is fiction. Look at the volume of the trade - 3 shares, 7 waiting to be bough. That does not mean anything, except someone really wants to get GAINS shares. The value of GAINS in hard assets is about 1.5 billion, like you've said.
Of course, owning 10% of GAINS is not the same as owning 1% of it, and I too regret splits can't be made with the shares, and the stockmarket in EVE being next to inexistent. But the differences that EVE stockmarket has, when compared to RL stockmarket, open a whole new window of opportunity, which I would like to leverage.
My calculation - the value of shares currently owned by the shareholders (according to asset / share calculcation) is about 1.5M ISK. There's been already 400k ISK paid in dividends (per share, not counting my personal dividend I've paid). This totals to 1.9M ISK of value per share (roughly). With this assumption, creating and selling 4500 shares should bring 8.55 billion ISK. add this to 1.5 billion, and you get 10 billion ISK. So, there would be 1M of assets per each share. That's a bit lower than right now, I agree, but note that it also allows for greater diversification of trade and potential returns.
In summary - current shareholder would still hold 1M ISK (asset/share) in shares plus 400k ISK (dividend paid) per each share. The new shareholders would get an opportunity to get the dividend as I would be paying it out after the share issue, and would open another opportunity to current shareholders to purchase more shares.
Of course it's up to investors to decide about the share issue, I won't be participating in this vote. |
Rebuen Gain
Gallente
The Blackguard Wolves
|
Posted - 2007.02.12 00:27:00 - [ 29]
Originally by: Dark Shikari
I will only support a share issue if the shares are sold at reasonably above IPO price, like EMFI did.
Penalizing current shareholders is bad IMO.
c1iche has calculated the GAINS share value to be at about 5.8M, when compared to performance of other corporations, but I can't guarantee any price. The price would be set by the RESX stock market and the buy orders that would be placed there - a thing that I don't have control over. I guess if you're still undecided - wait for a while and see what will be going on on the RESX, and decide on Thursday. |
Votee |
Posted - 2007.02.12 00:50:00 - [ 30]
You put it the wrong way Rebuen.
If you create the additional shares, your current shareholders suffer a big loss. The price of a share consists not only the hard assets, but the growth potential also.
The last week results shows that the company gained about 365m in the last week alone. This means that in a year - even without any more growth - you will make about 19B. Of course only a part of it will be dividended, but still. And its not considering growth.
So if we apply the one year profit as shareprice, then we have 19m as price.
Other thing you seems to not realise that you will have diminishing percentage gains as you grow bigger. There is no way for example that you can make 30% profit in a week on 10 or 20B.
If you issue a lot of shares and get a lot of ISK, your growth will slow seriously percentage wise, so the shares worth even less.
But to issue shares at the price of one year projected profit would be wrong as well, because the more shares you issue, the less each share worth.
regards,
Votee |
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