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Halaima Miner Bumping IPO -- SOLD OUT in 24 hours! Update: T2 TEMPEST DOWN!

Author
CODE.
#1 - 2012-06-26 02:26:45 UTC  |  Edited by: James 315
BUSINESS OVERVIEW

I am a professional bumper. I currently control the ice field in Halaima, a highsec system frequented by a lot of ill-tempered but determined miners and bots. By bumping the miners out of mining range, I can prevent them from mining. Because this is part of a business and not random harassment, it is compliant with the EULA. I charge the miners 10 million isk to be set to positive standings, after which they are able to mine in peace. I also receive a substantial part of my income by selling modules looted from the wrecks of miners who get angry and attempt (poorly) to suicide gank me.

This IPO consists of 100 shares being sold at 1 million isk each.

For more information, please see this thread, in which I announced my takeover of Halaima and set out some basic guidelines for the system's future.

LIKELIHOOD OF PROFITABILITY

Very high. I ran a proof of concept in the Arvasaras system several months ago, where I made over 100 million isk in profit. My expenses consisted of a 9,000 isk secure container with which I announced my intentions (I forgot to refresh it while I was away for more than 30 days). I suffered no other losses and, as a bumper, did not need to purchase so much as a charge of ammunition. This is a very sustainable model.

PROJECTED PROFITS

I expect my business in Halaima will be far more profitable than Arvasaras. In Arvasaras, I only charged 1 million for a mining permit; here they will be 10 million. There is also a much larger mining population in Halaima, which is a popular system only 4 jumps from Jita. As a 0.7 security system, it will be even more difficult for miners to suicide gank me than in Arvasaras (0.5 sec).

If only 100 miners purchase mining permits, I will earn 1,000,000,000.00 isk in revenue. My only expense will be secure containers at 9,000 isk each.

RISKS

Absolutely none whatsoever.

IPO HISTORY

Shares are going fast. Even before this announcement, when I first mentioned my IPO in the original thread, stock in my business was instantly met with demand. In the few short hours the thread was open in General Discussion (it got moved to an unpopular subforum), where the IPO was only mentioned in passing, 20% of the stock was sold!

IPO CURRENT STATUS

Shares Offered: 100 @ 1 million each
Shares Sold: 100
Shares Remaining: 0
(Shares Reserved by Request: 10)

Investors
Marcion Cravik -- 1 share
Darth Gustav -- 5 shares
Collin Dow -- 2 shares
Kael Attrell -- 1 share
Kuehnelt -- 1 share
R0me0 Charl1e -- 10 shares
Tabane Shinonono -- 50 shares
Haulter -- 10 shares
Gargamel en Cedoulain -- 1 share
Private Pineapple -- 19 shares
(StoneCold -- 10 shares reserved)

Shares are being sold on a first-come, first-serve basis. Please send your isk to James 315 and type "stock purchase" in the reason slot.

Thank you! Further updates as events warrant.

- 315
Goonswarm Federation
#2 - 2012-06-26 02:39:40 UTC
While I fully support your product and/or service, I'm curious as to what you need the money for.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

#3 - 2012-06-26 04:41:18 UTC
I agree. I don't expect something for nothing - how will the money I contribute help you, and what is the forumula by which a return is derived?
Caldari State
#4 - 2012-06-26 06:15:52 UTC
Buying 50 shares, I'm just in for the amount of entertainment it will bring to the forums :)
Independent Operators Consortium
#5 - 2012-06-26 08:53:38 UTC
James 315 wrote:

As stated upthread, this is the slippery slope fallacy.

The important thing right now is that we work together to get rid of the highsec miners. Let's not get distracted with other things. Once the highsec miners are gone, we can worry about what comes next.


https://forums.eveonline.com/default.aspx?g=posts&m=1414204#post1414204
#6 - 2012-06-26 09:43:30 UTC
IPO with no dividends? What is this?

No risk? What if the OP incurs in a GM thinking different than the one he talked with and bans him?
CODE.
#7 - 2012-06-26 14:30:32 UTC
OP UPDATED TO REFLECT ADDITIONAL SHARE PURCHASES.

Another 50 shares sold since the thread post, with 10 shares also being reserved by request. Only 20 shares remaining assuming the 10 in reserve get purchased.

These shares are going like hotcakes. I'm telling you, hotcakes! Shocked

I'll be back in a few hours to answer questions that have been posted in this thread. If there's anything you want to know, now would be a good time to ask about it. Cool
#8 - 2012-06-26 16:26:24 UTC
I'm going to buyout the remaining shares after work, sheerly out of lol factor.
Minmatar Republic
#9 - 2012-06-26 16:57:30 UTC
Rer Eirikr wrote:
I'm going to buyout the remaining shares after work, sheerly out of lol factor.


Not if I get out of work first!

.

CODE.
#10 - 2012-06-26 17:05:47 UTC
OK I'm back. No questions whilst I was out? That's cool, no worries. Come on then, let's answer some questions from earlier in the thread! Twisted

Quote:
While I fully support your product and/or service, I'm curious as to what you need the money for.

Quote:
I agree. I don't expect something for nothing - how will the money I contribute help you, and what is the forumula by which a return is derived?

I'm going to need to buy some secure containers to announce my intentions to the ice miners in Halaima. Strictly speaking this isn't a necessity, but I think educating the miners will help ensure compliance, and helps the community in general. In Arvasaras, I only used one container. In this case I think I'll need a couple more, e.g. to add links to this thread and to the New Halaima Code of Conduct, for instance.

The IPO isk contributes to the impression that this is a legitimate business, which should assist me in the event of any questions about the EULA. If the miners do manage to blow up my mining vessel, the IPO isk can be tapped for a replacement. More than that, it gives EVE players the chance to invest in the future of Halaima. The more people with "skin in the game," the better!

The formula by which a return is derived is simple: More miners, more bumping, more isk, more return! Smile

Quote:
IPO with no dividends? What is this?

Dividends will be paid out as appropriate.

Quote:
No risk? What if the OP incurs in a GM thinking different than the one he talked with and bans him?

I've considered this, but don't consider it to be a substantial risk at the moment. I never ran into any trouble in Arvasaras, so the GM who gave me the warning may be an outlier--and he's the one I ran this idea by prior to the announcement. So we should be good. However, just to make sure, I have been scrupulously documenting evidence of my profit from Arvasaras (and now Halaima) to support my contention that this is a legitimate business. And judging by the reaction to this IPO, the good people of EVE are voting with their wallets! Smile
#11 - 2012-06-26 18:34:18 UTC
Private Pineapple wrote:
Rer Eirikr wrote:
I'm going to buyout the remaining shares after work, sheerly out of lol factor.


Not if I get out of work first!


Well I get out of work in 1.5 hours, but if you want some skin in the game as well its fine with me.
Temple Priest
#12 - 2012-06-26 19:06:33 UTC
I'm totally stealing your idea. Message me if you need another ganker to occasionally destroy the non-compliant.
Goonswarm Federation
#13 - 2012-06-26 20:04:09 UTC
James 315 wrote:
Quote:
No risk? What if the OP incurs in a GM thinking different than the one he talked with and bans him?

I've considered this, but don't consider it to be a substantial risk at the moment. I never ran into any trouble in Arvasaras, so the GM who gave me the warning may be an outlier--and he's the one I ran this idea by prior to the announcement. So we should be good. However, just to make sure, I have been scrupulously documenting evidence of my profit from Arvasaras (and now Halaima) to support my contention that this is a legitimate business. And judging by the reaction to this IPO, the good people of EVE are voting with their wallets! Smile

Well, I'd caution you about making assumptions regarding what is and is not considered valid activity in this supposed "sandbox" in this day and age. Blink But, its sound, and you've sated my curiosity.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

#14 - 2012-06-26 20:35:26 UTC
Props to you for coming up with such interesting 'business'. I would love to see some conversations you have with miners. Do you write a blog or otherwise document your adventures? :P
#15 - 2012-06-26 20:46:50 UTC
If you don't keep a blog you totally should. No doubt those conversations are pure gold. I understand how you'll be making money, I just mean how will you be determining how it gets to us? What is your cut and what's a single shareholder's cut? You getting 10M from a miner means we get paid what?

CODE.
#16 - 2012-06-26 21:53:04 UTC
OP UPDATED TO REFLECT ADDITIONAL SHARE PURCHASES

They're goin' fast...I can barely keep up Shocked

Let's take another round of questions from the thread.

Quote:
Well, I'd caution you about making assumptions regarding what is and is not considered valid activity in this supposed "sandbox" in this day and age. Blink But, its sound, and you've sated my curiosity.

No doubt about it, the staff are human and sometimes they get it wrong, like in the LP market case I think you're alluding to. At every step, I'm making sure that if a problem arises, I'll maximize my chances of getting a satisfactory ruling ASAP.

Quote:
Props to you for coming up with such interesting 'business'. I would love to see some conversations you have with miners. Do you write a blog or otherwise document your adventures? :P

The bumping process is a crucible; it tends to bring out the best and worst from the miners. I do try to engage the miners in conversation when possible, as I'm not only running a business or executing judgment, but also trying to rehabilitate them. The only way I've documented these conversations is from the automatic chat logging.

When it comes to speaking with miners, sometimes they'll want to do private convos. I didn't mention this in the New Halaima Code of Conduct, but I do require that the miners speak in local rather than in private. Transparency is something I value greatly. Secrecy and under-the-table dealing is a problem among highsec miners, and it's something we're going to have to continue working on.

Quote:
I understand how you'll be making money, I just mean how will you be determining how it gets to us? What is your cut and what's a single shareholder's cut? You getting 10M from a miner means we get paid what?

This is something I thought about a lot prior to the IPO. There are a lot of uncertainties in this business, given its novelty. How often will miners buy mining permits? What percentage of my income will be from selling the modules of failed gankers, etc. I don't know how to answer those questions yet, because miner permits will cost 10 mill rather than 1 mill, and Halaima has a bigger population than Arvasaras.

I decided I could either try to predict these things and come up with a divided formula, or I could wait and see what the facts on the ground are going to be. I ended up going with the latter, in the interest of coming up with something that I had more confidence would be fair. As with any IPO, dealing with uncertainty is going to be tied into my reputation and whether investors think I'll give them a fair deal. It has been many years since I last ran a scam, so I think people have a good comfort level with me.
Minmatar Republic
#17 - 2012-06-26 22:24:55 UTC
I will buy the remaining 19 shares.

.

CODE.
#18 - 2012-06-26 22:40:51 UTC
OP UPDATED TO REFLECT ADDITIONAL SHARE PURCHASES

ALL SHARES HAVE BEEN PURCHASED


Whew! That was fast. Less than 24 hours and all the shares are gone. I hope everyone who wanted a piece of the action was able to get in their buy orders in time. It's possible that additional shares could be sold in the future, but I have no current plans for it.

As noted in the original post, one shareholder did send me an evemail earlier today requesting 10 shares be held in reserve so he could send me the isk after work. If he gets that isk to me within a reasonable timeframe, I will honour that, and we'll end up with a total of 110 shares being sold for this IPO.

Things are moving quickly now; I have used some of the capital to purchase some secure containers and have anchored them near the ice field in Halaima.

Thanks to everyone who has participated thus far. The future is exciting! Smile
CODE.
#19 - 2012-06-26 23:22:09 UTC  |  Edited by: James 315
Quick update:

Less than an hour after beginning the operation, my loyal Concord soldiers have already killed a Tempest with T2 fittings who attempted to interfere with my noble business in Halaima.

Loot scooped Cool

Second update:

Already got first miner signed up with mining permit purchase. Smile
#20 - 2012-06-26 23:52:14 UTC  |  Edited by: Rykker Bow
This makes me smile, go get 'em mate. Reminds me of the old days with mob bosses selling 'protection'

Like the above said, you should keep a blog going with updates, hate mails, etc.

I'm also thinking to myself: how is this even working??

ninja edit: I'll reserve 10 shares next round

The Mjolnir Bloc - Lowsec PvP for the sophisticated - The Mjolnir Bloc Killboards

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