No. The Museum makes higher profit because until now it did not make any profit at all. This month it made 1.9 bn profit compared to 0 bn profit in earlier months.
From June 2015 to November 2017 the dividends were in fact from my own pocket, i.e. from the trading of my main character Cista2 which is not public.
Now the dividends come from trading done by the museum and all this is fully public with API shared in post #1.
As seen in the museum rules-of-governance, these profits go to all 10,000 shares, which means most of the profits every month technically go to the 7,000 shares held by the museum itself. The museum gets a little richer each month from the trade - the opposite of a Ponzi scheme, where the “dividends” are taken from the capital which decreases every month until the Ponzi blows wide open.
But because the dividends are small, I am letting a bit more of that monthly profit flow out to the 3,000 outstanding shares than the rules stipulate that I have to. That is what made you confused, but I hope this explains it better.
Dividends have been paid for the month of February.
I won’t lie, I spent almost all my time in DarkFall this month (as I had hinted). When logging into EVE, it was mostly on Cista2. Given that, I am happy that EVE Museum still made some sales and some profits in February.
3 modules were sold for a profit of 1.8 bn, which was more than enough to let the shareholders receive a dividend of 1.0% like the last couple of months.
February 2018: 400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 65.4 bn.
Tbh I don’t expect March to be any better effort-wise - be patient until April before you judge the potential for achieving higher profits!
Dividends have been paid.
As I had indicated, I was still quite absent from EVE in March. Nevertheless, the Museum did sell 3 modules for a profit of 1,9 bn ISK, and this was more than enough to pay out my perceived minimum dividends:
400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 66.6 bn.
Now! I should be more active in EVE in the coming months, so watch this space. I predict that dividends should once again rise over 1% within the next two months.
It’s been awhile since I even looked at my shares in the Musuem. Great to see it’s still going. I think i was one of first to get in under the character Vaako Omaristos.
I have been a little more active, but was another slow month. The Museum sold 2 modules for a profit of 1,6 bn ISK, and this was just enough to pay the minimum dividends of 1%:
400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 67.8 bn.
I am a bit weary that the new Abyss modules will press prices on officer modules down, so I will try and sell more than I buy in the coming months. We’ll see how it goes!
Dividends have been paid!
This was the most lucrative months so far for the selling of modules: 12 modules were sold for a profit of 2.2 bn.
The dividends are still just the “mandatory” 1%:
400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 67.8 bn.
I must say, although this is a pretty neat business, and it could be intensified to give much higher profits, I am not really fond of this kind of trading. It’s a hassle with the database, the contracts and the price negotiations… I am therefore comtemplating ending this adventure and maybe the whole public side of the EVE Museum project.
Whatever happens, I will pay the 1% dividends at least 2 months more than this time, then we’ll see. Just don’t buy any overpriced shares right now
Remember, you can reimburse the shares that you own at any time (40 mil each), but NEVER without prior confirmation.
Hey guys, dividends have been paid for the month of June.
5 modules were sold in June for a profit of 1,7 bn ISK.
Payout was the default minimum of 1%:
400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 70.2 bn.
As hinted at before, I have now absolutely decided to end the public museum business with selling officer modules on the forum. The remaining modules are being sold in the common market interface, the hassling, database and negotiations over individual contracts was not a nice way of making money for my taste.
I am not quite willing to just close the IPO though, so I leave the rules of governance of the IPO in place still, meaning api’s are still up and I cannot pull money out of the museum.
I am considering if I should transfer some of my non-public Jita trade to the Museum, making for a solid public company that could continue forever. Most likely I won’t.
Meanwhile I will continue to pay out 1% in dividends at least 1 more month before I close up. There is currently 102 bn in idle cash in the Museum so it’s not like we are lacking money.
Those that will want to return their shares can do so now - but NEVER return shares without prior confirmation.
Or you can keep your shares, receive dividends and see if I reinvent a public business scheme for the museum.
Cheers!
Received my dividend payout last night. I for one will keep my shares and hope that you keep this idea running. I’m sure it is a lot of work though but the idea is what really made me want to support you.
Hey guys , 1% dividends have been paid out for the month of July.
400K per share (1.0 %). 3000 shares out, total payout is 1.20 bn, accumulated payout is 71.4 bn.
This was the last month of 1% payout. The Museum is now no longer running a public and profitable business.
I have decided however to pay out 0.8% dividends for the rest of 2018. It might just happen that I start up a new business some time. I will remain faithful to the rules of governance.
If you would rather return your shares, please contact Cista2!
I am starting an experiment with letting the Museum handle a portion of my (Cista2) trade. Specifically trade with some slow-moving limited edition stuff. Very fitting for a museum!
I will report to you if I find that a good direction to go. There could yet be a future where the Museum is run like an actual company
Guaranteed shareholder dividend is still 0.8% per month and will be paid out after the 1st. Dec.
