Posted - 2007.06.01 11:48:00 - [1]

 

Edited by: BSAC Manager on 01/06/2007 11:50:25
Block Ships and Ammunitions Corporation (BSAC)
May 2007 Report

Selling T1 ships and ammunitions certainly has its up and downs. Sales this month were very poor and only contributed to less than half the income that was generated. Nevertheless, I was surprised that we managed 8.42% overall return on investment during the month of May.

The Mineral Reserve returns increased substantially this month with the start of the Capital Manufacturing Division and more than reasonable Tritanium prices. Gross sales were over 4.7 B and sales margins near 9.7%. Overall return on investment for the month of May was 7.67%. No shares will be sold during the month of June, and it is very unlikely that shares will be available during the months of July and August.

BSAC’s Capital Ships Fund made significant progress in about a month. We have all the capital ships components BPOs (already researched) and an Obelisk BPO. First Obelisk is schedule out of the factory on June 20, 2007. Investors can expect their first dividend shortly after that. We still have 130,000 authorized but non-issued shares available. These shares will be immediately issued shortly after the first dividend is issued.


BSAC Preferred Stock Shares
Share Price: 34,291.80 [+ 4.21%]
Dividends (per share)
5/23 867.73
5/08 492.39
Since Inception (3/01/2007) 4,264.29

BSAC Common Stock Shares
Mineral Reserve
Share Price: 1,000.00
Distributions (total shares issued)
5/31 401,896
Since Inception (1/12/2007) 537,847

Block Ships and Ammunitions Shares
BSAC Capital Ships Fund
Share Price: 10,000.00
Inception Date: 5/14/2007


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