Posted - 2007.04.22 10:09:00 - [1]

 

First off, let me say thank you to Jerikia for being such a great CEO, and running Rivers Enterprises in such a professional manner. For those of us in the corporation, it was more like a bunch of mates down the pub than a business. I wish him luck in his future, and hope that he will continue on in Eve.

Now, some of you will have realised that -R.E- has been withdrawn from EGSE and RESX. I requested this in my capacity as the new CEO of Rivers Enterprises.

New CEO of Rivers Enterprises? Yes, earlier this week, Jerikia decided that he had had enough of the seemingly constant scamming within Eve, and thought it best that he concentrate more on his Real Life. It was a shock to all of us in -R.E- and more so to me when the corporation window came up showing me as CEO! In the best interests of the shareholders I immediately asked for a freeze on -R.E- share trading.

What this means is that this week there will be no dividend payment (or payment for -R.E- members either). By this time (day at least) next week, the remaining members of Rivers Enterprises will have a better idea of if we can continue -R.E- as a public corporation as Jerikia created it, and a final decision will be posted then. We do have a sum of money remaining to see if we can keep going, and there are also a number of items scattered around the Eve universe that require cataloguing and a decision made on their future.

Before anyone asks - yes, Jerikia did take the share portfolio with him. No, personally, I do not think that is a scam. I hope that the other members of -R.E- agree, and the majority of the investment community - remember, the corporation never paid for them!

Before anyone then says that the whole thing was a scam, please remember that on its launch only 1 million ISK was asked for.

Jerikia ran it for 37 weeks producing a dividend every 7 days.

Your initial investment gave you 801 shares, giving each a value of 1,248.44 ISK.

The first week the dividend was 1,402.51 ISK per share.

The average dividend was 2,919.58 ISK over the 37 weeks.

In total Jerikia paid out 108,024.49 ISK in dividends per share.

- Note -
Rivers Enterprises is officially in a suspended mode.
A final decision will be made on its future on Sunday, 29th April.