EvE MUTUAL FUND Inc.

EMFI Dividends for February 09 to March 09

2009-03-26T22:09:00.004Z

Dividend payments this month is: 238.74 isk per share, a ROI of 2.53%

The current report shows a surplus of: 2,728,484,937 isk resulting in a dividend to shareholders this month of: 2,387,424,320 isk (238.74 per share)

Other deductions: FM salaries: 68,212,123 isk and retained capital fund for emergencies and anti-scam fund: 272,848,494 isk plus.

Total retained capital fund for emergencies and anti-scam fund before payout: 2,135,099,678 isk, this has now risen to: 2,407,948,172

Market Overview: Numerous dividends are late or have not been paid.

Trade warning on Zero. and EMFI would like CEO ‘Motivated prophet’ to respond to previous eve mails as the corp has not paid dividends for over a year and shares are still trading at the IPO value. There may be corp buyback orders in place but there should be an update on how well this will be funded as EMFI would like to cash out, or use the scam fund to remove non-performing assets from the books.

Finally announced that 6Ltd and FRPB are officially ‘dead’ and have been removed from the portfolio, although they have had a zero value for over 6 months.

All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for January 09 to February 09

2009-02-21T23:55:00.004Z

Dividend payments this month is: 237.63 isk per share, a ROI of 2.52%

The current report shows a surplus of: 2,715,746,962 isk resulting in a dividend to shareholders this month of: 2,376,278,592 isk (237.63 per share)

Other deductions: FM salaries: 67,893,674 isk and retained capital fund for emergencies and anti-scam fund: 271,574,696 isk plus.

Total retained capital fund for emergencies and anti-scam fund before payout: 1,863,524,982, this has now risen to: 2,135,099,678 isk

Share buying chest is vast as all FIN have been bought back taking the wallet to over 13bn to invest.

Market Overview: The Eve stock market is stabilising. Funds are still closing: BSACC; CDRE; and FIN. On the good news front: AATP has paid out sizeable dividends, again, as they/Ray swings his Plan into action for shareholders; BMBE has resumed sizeable payments; FIRM and FIRD are paying consistently good returns.

Gains: 200m isk has been returned by Tolmar towards the closing bill due of 1.2 bn from SHMEC, very honourable of him to follow through with this.

New shares: CDRA

Losses: Few as CRDE has reimbursed 3,250,000,000; although there is no news on Zero. dividends still

The general market news stories have been:

AATP: The Bad and the Good

CRDE Loney Clone has returned to honour agreements and reimburse shareholders

FIN & FIN-U closing down procedure

Zero. update

All the best, Ghost Emperor. Click the image below to review our current portfolio:

EMFI Dividends for December 08 to January 09

2009-01-23T00:16:00.005Z

Good news broadcast

Dividend payments this month is: 415.24 isk per share, a ROI of 4.41%

The current report shows a surplus of: 4,745,617,239 isk resulting in a dividend to shareholders this month of: 4,152,415,084 isk (415.24 per share)

Other deductions: FM salaries: 118,640,431 isk and retained capital fund for emergencies and anti-scam fund: 474,561,724 isk

1,000,000,000 billion from return of shares from liquidated characters was added to the capital growth fund, mostly due to the generosity of Ethan Xavier Verone, Chief Executive & Executor
of Veto Corp, many thanks. Capital growth/anti scam fund now at: 1,913,524,982 isk.

Market Overview: The Eve stock market is stabilising. Funds are still closing: BSACC; CDRE; and FIN. On the good news front: AATP has paid out sizeable dividends, again, as they/Ray swings his Plan into action for shareholders; BMBE has resumed sizeable payments; FIRM and FIRD are paying consistently good returns, all in all helping improve confidence and the health of the market at this point in time.

Gains: Shares have been returned to EMFI from Naphtalia, the previous CEO, leaving the game, this has led to a 1-2 billion plus bonus for EMFI investors as a parting gift and 1 billion into the capital growth fund for investments.

Losses: Few as CRDE has reimbursed 3,250,000,000; although SHMEC has still not make their final closure payment which hit EMFI for 1.2 billion.

Trading News:

Closure payments received from: CDRE
New stocks invested in: BSAMR and FIRD

The general market news stories has been:

AATP: The Bad and the Good

CRDE Loney Clone has returned to honour agreements and reimburse shareholders

FIN & FIN-U closing down procedure

Zero. update

All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for October 08 to December 08

2008-12-15T23:14:00.006Z

The current report shows a surplus of: 4,389,632,584 isk resulting in a dividend to shareholders this month of: 3,840,928,511 isk or 384.09 per share

Other deductions: FM salaries: 109,740,815 isk and retained capital fund for emergencies and anti-scam fund: 438,963,258 isk

Market Overview: The Eve stock market is stabilising, although there are still several defaulters. Many funds have closed over the quarter: BSACC; FIN; FIN-U; PCT2; SHMEC; T2AHL. On the good news front: AATP has paid out sizeable dividends as they return their cash pile to shareholders; BMBE has resumed sizeable payments; FIRM and FIRD are paying consistently good returns, all in all helping improve confidence and the health of the market at this point in time.

Losses: Repeat from previous statement in that some stocks do not seem to be paying out the agreed public closing prices, we are still awaiting CRDEs 3,250,000,000 reimbursement for their; and SHMEC did not make their final closure payment which hit EMFI for 1.2 billion.

Trading News:

Closure payments received from: BSACC
New stocks invested in: BSAMR and FIRD

The general market news stories underline what a hard month this has been

AATP: The Bad and the Good

CRDE No reply to my requests yet…I will try to contact other parties there

FIN & FIN-U closing down procedure

Zero. update

All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for July 08 to September 08

2008-10-20T22:35:00.010Z

The current report shows a surplus of: 1,529,685,004 isk which resulted in a dividend of:
1, 338,474,379 after retained capital for growth and management and staff costs…it has been slow and hard work dealing with all the liquidating funds and looking for more investable corps, but a fun experience.

This is a 5.5bn turn around from the last statement when the previous report stated there was -3,967,094,215 in excess capital. This large reduction reduction in share NAVs due to the following reasons:

The Eve stock market was in free fall, as most EVE shares would be considered to be 'Toxic' debt in the real world, many have defaulted;
There were numerous investments closed, closing or were considered to be losses including: CRDE; C-P-H; FIN; FIN-U; LVM; PCT2; SHMEC; T2AHL, and TCCS.
Ionia’s disappearance of over seven months means that the following stocks have been reduced to zero NAV: 6LTD, FRPB and LMTA. EMFI has reduced them loosing approx. 6bn;
Almost half of the stocks did not pay dividends;
Some stocks do not seem to be paying out the agreed public closing prices, we are still awaiting CRDEs 3,250,000,000 reimbursement; and

Losses:

EMFI have reduced FRPB and 6LTD by the final quarter to taking a 2.75 billion hit; and
SHMEC did not make their final closure payment which hit EMFI for 1.2 billion.

Trading News:

Closure payments received from: T2AHL, FIN-U
New stocks invested in: BSAMR, FIRD and FIMD

The general market news stories underline what a hard month this has been

AATP: The Bad and the Good

CRDE No reply to my requests yet…I will try to contact other parties there

FIN & FIN-U closing down procedure

Zero. update

Trading Alerts:
Dividend income should have increased this month but dividends have not been paid by: 6LTD; CRDE; FIN; FIN-U; FRPB; and Zero.

This is an income shortfall of approximately 9.4 billion lost dividend income for the last six months…basically the shares system is not very effective in EVE as there is a limited securitisation, enforcement and liquidation system. EMFI have chased some isk due accounts just to find the characters have been sold, there should be a mechanism for market bounties/bans to be placed on characters to deter buyers if the characters have been market abusers etc.

EMFI are sorry that dividends had not been paid for a while and EMFI are considering a policy of paying a minimum of 1 billion a month from dividend income to ensure a level of return for investors not dependent upon NAV. This will be put to the vote when some new trustees have been appointed.

All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for May 08 to June 08

2008-06-15T20:23:00.004Z

There was: zero (-3,967,094,215) in excess capital, this compared to 1,098, 408,723 last month, this is a graduated reduction in share NAVs due to the following reasons:

The Eve stock market is in free fall… More stocks lost value and seven closed, or are closing (C-P-H; FIN; FIN-U; KITI bond; PCT2; SHMEC; and TCCS). There is a view that Ionia’s continued disappearance (6LTD, FRPB and LMTA) is permanent and these stocks were reduced further. This equates to 9 of the 28 investments being closed, closing or losses;
There were 12 of the 28 none dividend payers this month, at 43% this is up from 30% of the fund none payers last month;
In short the eve stock market is not working and the fund is finding it difficult to find functioning stocks; and
Losses:

EMFI have reduced FRPB and 6LTD by a another quarter…and have taken a 2.75 billion hit…this will be repeated next month;
SHMEC did not make their final closure payment which hit EMFI for 1.2 billion

There are no dividends or wages paid this month;

Trading News:

Closure payments received from: C-P-H; TCCS

New stocks invested in: BSAMR

The general market news stories underline what a hard month this has been

AATP: The Bad and the Good

FIN & FIN-U closing down procedure

[LVM] Refinancing options

PCT Fails

TCCS & CPH

Trading Alerts:
Dividend income should have increased this month but dividends have not been paid by: 6LTD; BMBE; FIN; FIN-U; FRPB; H-TI; T2AHL; TCCS; and Zero.

“Further LARGE WRITE OFFS are expected in the future”

This is an income shortfall of approximately 6.4 billion lost dividend income for the last four months…

The market is in free fall and EMFI are sorry that dividends are not due this month. EMFI are considering a policy of paying a minimum of 1 billion a month from dividend income to ensure a level of return for investors not dependent upon NAV. This will be put to the vote in the next few days after trustees have been asked.

All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for April 08 to May 08

2008-05-25T20:19:00.003Z

There was: 1,098, 408,723 in excess capital, this compared to 1,871, 740,241 last month, this is a graduated fall due to the following reasons:

The Eve stock market is in freefall… More stocks lost value and several closed (.D.B. Dusk Blade and FIN-U). There is large concern over Ionia’s continued disappearance (6LTD, FRPB and LMTA) and FIN’s statement that they have not been able to get the two missing trustees to liquidate FIN;
There was 30% of the fund not paying dividends this month, the stocks not paying out this month include: 6LTD; AATP; BMBE; FIN; FRPB; T2AHL; TCCS; and Zero. In short the eve stock market is not working and the fund is finding it difficult to find functioning stocks; and
EMFI will continue to re-valued the portfolio to try and reduce the NAV of these stocks in the medium term. EMFI have reduced FRPB and 6LTD by a quarter…and have taken a 2.75 billion hit…this will be repeated over the next two months to gradually reduce exposure to these stocks whilst trying to maintain dividends for investors.

Scam reserves have been released to cover the value reduction in major stocks as well

The dividends were distributed as follows:
* 933,647,415 paid out in dividends
* 27,460,218 for Fund Management duties;
* the wage bill of 27,460,218 will be reinvested in the corporation as the trustees have not been seen for a month or two, EMFI will start a new employee and trustee recruitment process to avoid the problems that occurred at FIN
* 109,840,872 retained capital (as hedge against scams) will be invested in new stock to try and raise dividend income.

Trading News:
Three stocks are closing and need to settle their debt: C-R-H; FIN-U; and SHMEC; and
New stocks invested in: BSAMR

Trading Alerts:
Dividend income should have increased this month but dividends have not been paid by: 6LTD; AATP; BMBE; C-R-H; FIN; FRPB; T2AHL; TCCS; and Zero.

“LARGE WRITE OFFS are expected in the future”

This is an income shortfall of approximately 1.8 billion on top of the shortfall of 2,588,629,038 for last two months… at 4.4 billion lost dividend income this is a HUGE shortfall…and could potentially destroy the share market place…in effect there is no enforcement, or sanction system in the stock market at present…

So a final dividend of:
* 93.36 isk per share, a fall from 159.1 isk per share last month, but above the market average at present, as so many stocks are not paying out (6LTD, AATP, FIN, FRPB, Zero. etc)... the market is in free fall and EMFI call on the CEOs of these corporations to help stock the freefall and resume paying dividends/liquidate the corps responsibly to help clean the market up. All the best, Ghost Emperor.

Click the image below to review our current portfolio:

EMFI Dividends for March 08 to April 08

2008-04-15T23:40:00.004Z

There was: 1,871, 740,241 in excess capital, this compared to 2,220, 679,028 last month, this is a graduated fall due to the following reasons:

The Eve stock market is in freefall… Nine stocks lost value although twelve gained value to counter balance this. There is large concern over Ionia’s continued disappearance (6LTD, FRPB and LMTA) and FIN/FIN-U’s statement that they will not be able to meet minimum bond payment levels in the long-term, and missing dividends;
Several shares have reduced their dividends levels, like BMBE where Ray McCormack has resigned, EMFI would like to thank him for his efforts to date;
There was 30% of the fund not paying dividends this month, the stocks not paying out this month include: 6LTD; FIN-U; FRPB; T2AHL; TCCS; and Zero. In short the eve stock market is not working. On a positive note AATP paid double dividends and EMFI received its second 1billion plus dividend to date; and
EMFI have re-valued the portfolio to try and reduce the NAV of these stocks, this will have an effect on dividend levels in the medium term as dividends are low and NAVs are falling, however trading income is higher than usual. EMFI have reduced FRPB and 6LTD by a quarter…and have taken a 2.75 billion hit…this will be repeated over the next three months to gradually reduce exposure to these stocks whilst maintaining a certain level of dividend for investors.

Scam reserves have been released to cover the value reduction in major stocks as well

The dividends were distributed as follows:
* 1,509, 979,205 paid out in dividends
* 46,793,506 for Fund Management duties;
* 23,396,753 as half the normal wage bill of 46,793,506, which was split between audit staff, staff and trustees;
* 187,174,024 retained capital (as hedge against scams).

The retained capital pool now stands at: 187,174,024 which will be reinvested on this occasion to increase shareholder returns.

Trading News:
Nine stocks have lost value, so the overall climate is unfavourable;

PIF and PSRS have completed their full buyback/liquidation…many thanks for showing how it should be done Nyphur;
One stock is still closing: SHMEC; and
New stocks invested in: BSAMR, BSAMT, CRDE, and STR-H

Trading Alerts:
Dividend income should have increased this month but dividends have not been paid by: 6LTD; C-R-A; FIN; FIN-U; FRPB; T2AHL; TCCS; and Zero.

This is an income shortfall of approximately 1.2 billion on top of the shortfall of 1,388,629,038 for last month…a HUGE shortfall…huge gap and weakening of the market place…in effect there is no enforcement, or sanction system in the stock market at present…

Discussions have taken place with the main parties and at two corporations, both of which have resumed dividends. One of these required a change of CEO

So a final dividend of:
* 159.1 isk per share, a fall from 188.76 isk per share last month, but above the market average at present, as so many stocks are not paying out (FIN, FIN-U, FRPB, 6LTD, Zero. etc)...so return on original NAV are down…but we are not out, and we at EMFI have been selecting some above average performing stocks to see us though this tight patch. All the best, Ghost Emperor.

Click the image below to review our current portfolio:

Eve stock market concerns

2008-03-23T19:13:00.004Z

Dear EMFI Investors

To keep you updated on news we present the following market update. We have begun a gradual devaluation of some of our key stocks to reflect the crisis occurring in the eve stock market. We hope that other investments will help keep dividends buoyant but feel a market update is necessary.

Some stocks have disclosed that their value has fallen over the last few months, like FIN and FIN-U: http://myeve.eve-online.com/ingameboard.asp?a=topic&threadID=729761 and http://myeve.eve-online.com/ingameboard.asp?a=topic&threadID=723230 We have raised our concerns but feel we have no real choice other than to vote with management recommendations at present;

Some have seemingly vanished: like FRPB Linky, LTMA and 6LTD Linky;

Several have not paid dividends for a while, or have irregular payment schedules: AATP (due to late H-TI dividends which now seems to be fixed with a new CEO); H-TI (as before); Zero. and T2AHL (Update: AATP has paid almost 1 billion in dividends to EMFI this month \o/ ); and

Several have been closing and have various duration buybacks: C-R-H; SCHEC Linky; PIF PSRS Linky; and Tiny. Linky (EMFI held no shares).

EMFI hope to weather this storm by increasingly investing in:

long-term shares of the more 'blue chip' variety, like CRDE and BSAC stock; and
low priced stock as market panic leads people to 'dump' stock at sub asset levels.

If investors have any other comments then please send an eve mail to Ghost Emperor, Many thanks to you all.

EMFI Dividends for February 08 to March 08

2008-03-15T23:50:00.006Z

EMFI Dividends from 15^th February to 15^th March have just been paid:

Click on image to enlarge

There was: 2,220, 679,028 in excess capital, this compared to 4,518,259,273 last month, this is a large fall due to the following reasons:

The Eve stock market is in freefall… Seven stocks lost value and only three gained value. There is large concern over Ionia’s disappearance (6LTD and FRPB) and FIN/FIN-U’s statement that they will not be able to meet minimum bond payment levels in the long-term;
There was 40% of the fund not paying dividends this month, the stocks not paying out this month include: AATP (four months overdue); 6LTD; FIN-U; FRPB; T2AHL; TCCS; and Zero. In short the eve stock market is not working; and
EMFI have re-valued the portfolio to try and reduce the NAV of these stocks, this will have an effect on dividend levels in the medium term as dividends are low and NAVs are falling, however trading income is higher than usual.

Scam reserves have been released to cover the value reduction in major stocks

The dividends were distributed as follows:
* 1,887,577,174 paid out in dividends
* 55,516,976 for Fund Management duties;
* 55,516,976 split between audit staff, staff and trustees; (staff wages were mostly withheld this month as no staff were available for duties); and
* 222,067,903 retained capital (as hedge against scams).

The retained capital pool now stands at: 222,067,903 which will be reinvested on this occasion to increase shareholder returns.

Trading News:
Seven stocks have lost value and three increased, so the overall climate is unfavorable.
Two stocks are closing: PIT; and SHMEC.
Two stocks have closed: PSRS and OPT-M
No new stocks have been invested in..

Trading Alerts:
Dividend income should have increased this month but dividends have not been paid by: AATP (four months overdue); 6LTD; FIN-U; FRPB; T2AHL; TCCS; and Zero

This is an income shortfall of 1,388,629,038 for the month…a HUGE shortfall

Discussions have taken place with the main parties and at one corp (H-TI) where EMFI helped vote and initiate a change of CEO, dividends have now resumed there.
Dividends were received from Zero. last month and went a long way to making up for the last fourth months missed dividends, however, it would seem they are ate again this month.

So a final dividend of:
* 188.76 isk per share...so 1.80% return on original NAV, down almost 2% on last month. However, if dividends are resumed by all corps there could be a improved return next month.

EMFI Dividends for January 08 to February 08

2008-02-18T20:39:00.003Z

EMFI Dividends from 15th January to 18^th February have just been paid:

4,518,259,273 in excess capital, which was distributed as follows:

* 3,840,520,382 paid out in dividends
* 112,956,482 for Fund Management duties;
* 112,956,482 split between audit staff, staff and trustees; (half of this was returned by staff to help build anti-scam fund again); and

* 451,825,927 retained capital (as hedge against scams).

The retained capital pool now stands at: 935,239,978 which will be reinvested on this occasion

Trading News:
Six stocks have increased in value and three have decreased, so the overall climate is favourable.

Three stocks are closing: PIT; PSRS; and SHMEC

Three new stocks have been invested in: BSAMR; CCMS and CCMS2
Dividend income should have increased this month but dividends have not been paid by: AATP; C-P-H; C-R-A and H-TI

Trading Alerts:
The month was a short month and dividends were not paid from four main investments: AATP; C-P-H; C-R-A and H-TI

Discussions have taken place with the main parties and at one corp. (H-TI) we are trying to initiate a change of CEO until the current one can return.
Dividends have been received from Zero. and went a long way to making up for the last fourth months missed dividends, just a shame we had to clear some stock prior to a return to form.

So a final dividend of:
* 384.05 isk per share...so 3.84% return on original NAV, up from 368.40 a share last month

EMFI Dividends for December 07 to January 08

2008-01-16T00:24:00.000Z

EMFI Dividends from 24th December to 15th January have just been paid:

4,334,140,509 in excess capital, which was distributed as follows:

* 3,684,019,433 paid out in dividends
* 108,353,513 for Fund Management duties;
* 108,353,513 split between audit staff, staff and trustees; (half of this was returned by staff to help build anti-scam fund again); and
* 433,414,051 retained capital (as hedge against scams).

Trading News:
Eight stocks have increased in value and two have decreased, so the overall climate is favourable.
Dividend income should increase next month and the outlook is for an increased dividend level.

Trading Alerts:
The month was a short month and dividends were not paid from four main investments:
AATP; T2AHL; Zero.; and a new investment LVM
Dividends were not received from Zero. for the fourth month and this is an area of concern although the CEO has assured us that dividends will resume shortly.

So a final dividend of:
* 368.4 isk per share ...so 3.68% return on original NAV.

EMFI Dividends for November to December

2007-12-25T23:21:00.000Z

EMFI Dividends for 18th November to 24th December have just been paid:

4,600,095,230 in excess capital:

* 3,910,080,230 paid out in dividends
* 115,002,381 for Fund Management duties;
* 115,002,381 split between audit staff, staff and trustees; (one third of this was returned by staff to help build anti-scam fund again); and
* 460,009,523 retained capital (as hedge against scams).

Trading Alerts:
There has also been a 1,000,000,000 write down on Reithe [RHCRP] this month.
We have released the Capital Growth Fund/anti scam funds (of 460,000,000 isk) to go towards covering this loss.
Dividends were not received from Zero. for the third month and this has now an area of concern.

So a final dividend of:
* 391.01 isk per share (would have been 491.01 isk per share without the write off)...so 3.91% on original NAV. Check the EMFI blog link below for more details.

EMFI Dividends for October to November

2007-11-18T23:14:00.000Z

Heres the results just in for 16th October to 18th November:

5,265,138,474 in excess capital, (an increase from 4,735,284,820 last report) which is broken down into:

131,628,462 for Fund Management duties;
131,628,462 split between audit staff, staff and trustees;
526,513,847 retained capital (as hedge against scams); and
4,475,367,703 paid out in dividends

There has also been a 3,000,000,000 write down on Portsmouth Shipyard Inc (CAPTL) although this may return some value in the future we have decided to write it down this month.
We have released the Capital Growth Fund/anti scam funds (of 957,502,908 isk) to go towards covering this loss. The full dividend payout would have been 6,211,490,231 without the write off.

So a final dividend of

447.54 isk per share (would have been 621.14 isk per share without the write off)
This is an increase of 45 isk per share from last month

Dividends were not received from: CAPTL; Zero. ; or OPTECH

Heres the results in detail (click on the image to enlarge):

ISSO closes its door

2007-11-06T22:12:00.000Z

Trading update:

We at EMFI would like to say a big thank you to ISSO for the many months of loyal, on-time dividend payments the fund has received, as they stop dividends and start a buy back of shares.

EMFI has transfered a large proportion of its 4bn+ isk from ISSO shares into:
3bn to Ionia's 6% a month offer to ISSO investors [6LTD]; and
800m to Rawcola's BPO bond [RRRRT Bond].

C-R-H has also re-started their buyback of shares and we have reinvested that isk into C-R-A shares , another of Ricdic's isk making vehicles.

Dividends are late or not yet forthcoming from: AATP; BMBE; H-TI; PSRS; T2AHL and Zero. so all in all a slow end to the month, returns have been above normal to date through share trading though.

EMFI Dividends for September to October

2007-10-15T21:51:00.000Z

Heres the results just in for 16th September to 15th October:

4,735,284,820 in excess capital, broken down into:

118,382,211 for Fund Management duties;
118,282,211 split between audit staff, staff and trustees;
473,528,482 retained capital (as hedge against scams); and
4,024,992,097 paid out in dividends

So a final dividend of

402.5 isk per share

Heres the results in detail:

EMFI and AATP relisted on RESX

2007-09-15T23:15:00.000Z

EMFI and AATP have had their stocks reactivated on the Real-time Eve Stock Exchange, long may the trading continue

EMFI Dividends paid for August part II

2007-09-15T17:44:00.000Z

Dear shareholders the portfolio for the 15th of September is now available

Total excess capital: 3, 855,976,420 of which wages and a sum of 385,597,642 isk was retained for capital growth

Total dividends paid were: 3,277,579,957 isk (3.277 billion), which equates to
327.7 isk per share

EMFI Trading update

2007-09-04T17:13:00.000Z

Dividends will be paid on the 15th of September. A summary of trading is as follows:

New investments have been made in:

[BSAC] and [BSACC] Block Ships and Ammunitions Corporation - 570mil invested in total - Common stock release and Capital ship fund shares - Linky and Linky
[CAP4U] Capital Productions Unified - 20 shares @ 12million on the secondary market - Linky
[CAPTL] Portsmouth Shipyards Inc - 300 shares @ 10 million - A startup IPO - Linky
[FIN-U] Eve Financial Services - Unsecured - 4000 shares @ 1 million - Linky
[FRPB] Fixed Return Perpetual Bond - 200 shares @ 1 million - Linky
[KITI] Ki Tech Industries - 200 shares @ 1million each - A startup bond Discussed at - Linky
[RRRT] Rawcola Corp - 2,500 shares @ 10,000 - A startup - Linky
[TCCS] Time Cube Capital Ships - 30,000 shares @ 2,400 - Release of shares - Linky

Dividends have been received from all investments held this month (except TCCS):

AATP; BMBE; C-H-P; C-R-A; FIN; FIN-U; H-TI; ISSO; RRRT; SHMEC; T2AHL; Tech7 and Zero.

Dividends will not be forthcoming for August for:

TCCS (due to share expansion)

[EMFI] Dividend Schedule

2007-08-20T12:11:00.000Z

Dividends have resumed on the basis that Asset Value is over 100billion. 85% of the funds over 100billion are turned into dividends.

2007 August 19th - 83.62 isk per share (payout was 836,202,665isk)

2007 September - Correction, EMFI Manager has informed me that dividends are usually paid on the 15th of each month.

EMFI handover has occured

2007-08-20T01:45:00.001Z

This is a mid month handover report from EMFI. EMFI Manager (Naphtalia) has formally handed over day to day running of EMFI to Ghost Emperor.

I have reviewed the shareholdings and have done an initial valuation of the EMFI portfolio. I can confirm that all assets that were expected to be there were in place, and then some. Of particular interest is that the wallet had close to 12billion isk in it from dividend income.

The really good news is that since the last Asset update there has been an increase of
22,983,767,841 (22.98bn isk) from 78billion previously. Well done EMFI Manager for your astute managing of this fund, and thank you for an orderly and most helpful handover.

Here are the headline figures:

Master Wallet: 11,791,167,027 (11.8bn)
Invested capital: 78,502,080,814 (78.5bn)
Own share capital 10,690,520,000 (10.7bn)
Total Assets 100,983,767,841 (101bn)

Total subjective valuation: 100.98 billion ISK

Dividend payout was 836,202,665 isk (after 10% capital retention, 2.5% fund management wages and 2.5% for staff and trustees).

The next dividend scheduled will be at the end of the first full week of August. More updates to follow asap.

New CEO for EMFI

2007-08-19T13:51:00.000Z

Ghost Emperor has been voted in as the new CEO of EMFI with 97%+ of the votes cast in favour of his taking over. Upon being interviewed he offered the following thoughts:

"A big thank you to all the shareholders that helped my successful running for CEO, almost 20billion in shares were voted in favour and my intention is to turn this faith into funds for investors.

Immediate tasks to conduct are:

Audit of assets and publish new NAV and portfolio;
Set up new buy back orders, based on new NAV;
Buy shares at decent price to reduce dormant cash pile;
Pay dividends at the start of next month if they are due.

Comments and feedback are welcome and can be left here, or email me "Ghost Emperor", especially if you want to sell shares in bulk." The celebrations are set to run on into the early hours of the morning, or until the dancing girls go home.

AATP has new CEO

2007-08-16T13:12:00.000Z

Dark Shirari's alt Yukari is catching up with some house work at AATP. The thread can be viewed here: Linky

The NAV per share is worked out at 10,333 for AATP, and 8,333,333 for H-TI, both of which EMFI has sizable holdings in.

The combined factors of AATP being actively managed and higher NAVs for shares held should have a positive impact upon EMFI's Asset Value as well.

This is good news and should assist in the production of a new portfolio of assets when the CEO vote has been decided.

News for August

2007-08-15T21:42:00.000Z

Dear Investors, the News for August…

New CEO for EMFI?

Ghost Emperor is running for CEO of EMFI, with the encouragement of the existing CEO. The vote has been allowed to run for a week to encourage maximum participation. Ghost Emperor is the alt of Shiva Shakti / Asriel Grumman of Hi Tech Industries (H-TI, which does all the production work for AATP), and is also the alt of Mesmerism, an EMFI auditor. The vote thread can be found here: Linky

Ghost Emperor says that the immediate plan for EMFI in August is to:

Conduct a full handover audit and prepare a new NAV assessment and pay dividends if the NAV is above 10,000 isk per share;
Publish this initial portfolio and the monthly which will display holdings, average value and NAV per share;
Drive the fund for maximum shareholder value, actively trade and engage with the stocks held and invest in new IPO’s;
Ask the current Trustees to remain on board to retain investor confidence;
Engage with investors with regards to future activity on the basis of at least two months full reporting.

New CEO for AATP

Dark Shikari’s alt Yukari Tanizaki has successfully run for the CEO of AATP. We would like to congratulate Yukari and wish the corporation a profitable future.

News Thread on Eve-o

The background to these news items and general EMFI and AATP discussion can be found in an new EVE-O thread found here: Linky

EMFI - Update July

2007-07-24T11:41:00.000Z

Hello everyone, just a general update on the Funds status.

BMBE
Because of a misrepresented loss due to a bounced loan secured by T2 BPO's the total NAV of BMBE is actually just over 80b instead of just over 100b. EMFI has a big stake in BMBE and this has affected the total NAV of EMFI badly.

EMFI
Has continued to buyback EMFI shares and has gathered over 6b worth of shares, the cash reserves are over 8b and total NAV is still between 75 and 80b. We will continue to buyback shares of EMFI, however there are competitors on the market that over more then 90% of NAV for the shares.

CEO
To accellerate the regrowth of EMFI we are considering making Shiva Shikta the acting CEO of EMFI, a vote to such extend might be forthcomming.

Cheers everyone and good financial health.

Updates

2007-01-08T00:29:00.000Z

Yeh, been a while

November: paid 445/share
December: paid 215/share

Will not pay dividends for a while because of the ISS Bust.. this could be anywhere from 2 to 20months.. see thread on eve-o

Regards.

15th October results

2006-10-21T15:58:00.000Z

EMFI has acquired a net loss for the period of 15th September - 15th October and will not pay dividends.

Next dividends will be 15th of November.

15th September (Before Dividends) Portfolio

2006-09-24T22:31:00.000Z

[PCT] Quick Audit Report

2006-09-11T19:47:00.000Z

Corp and Equity Structure

PCT has sold approximately 25% of the corp shares to the public raising approximately 6bn. The 75% shares that remain in corp are covered by the initial corp injection of 16bn+. Staff is paid 200m/week (approximately 870m/month) 75% of the dividends paid are fed back to corp. Total corp value is approximately 30b now translating in a base-value of a little over 1.2mil/share. When the corp would “liquidate” 25% of the value of the corp would go to the shareholders and 75% will remain in the corp and be property of the CEO.

Operational Analysis

I have determined that Proton is actually conducting business in the areas of T2 Component Building and Tech2 Modules/Ships trading. His profits seem healthy enough to cover dividends and have corporate growth at the same time. Note though that while 4bil profits seem to be paid out, the actual liability of the corp is only 1.87b (870mln Salary and 1bn public pay) One could say that instead of making 16% profits after salary PCT is really making 4% profit after salary and corp growth. Since the inception of PCT the corp value has increased with about 20-30%.

Scam Risk Assessment

The biggest 2 risks for scams in the case of an operation like PCT is “Delayed Ponzi” basically:Paying out uber dividendsMaking the Share price riceSelling the remaining 75% shares for 300%+ of the IPO pricerunning of with everything after all shares are gone.The 2 things that have to be checked in that case are 1) are all corporate shares still in possession of the corp and 2) Does the corp make profit to cover the dividend rates.In the case of PCT since it is only paying out to 25% of the shares it is quite easy to maintain 16% profitability (since it requires 4% profit after salaries and corp growth) and the activities that are audited can certainly make that besides a healthy corp growth.

I can vouch that up to the moment of the audit Proton hasn't been scamming. And if he would decide to take all and Run tomorrow he would score about 7.5bn.

It is unlikely Proton will ever run with that 7.5bn but one must note that a good scammer will sell the 18.5k shares first before he runs of. At the moment of the audit all shares were accounted for. And I would like to congratulate Proton on a succesful and profitable corp.

Profit and Share price Assessment

Proton has estimated to (at least) continue this operation for another 12months. And he has estimated the Share value to be around 2mn isk / share and @16% dividends that means that in the next 12months the effective value will be (12x160k + 2m) 3.92m / share. Any isk you pay below 3.92m will be your profit in 12months time.

Example: If I buy the share for 3m today, and sell it back to Proton in 12months time... I will receive 2M (buyback price) + 1.92M (12mo dividends) and I will have made 920k in 12months on a 3m investment (about 3%/mo).

My recommended buy-price for this share is between 1.5 and 2.5m depending on your optimism and trust.

Recommendations for Due Diligence

Even though the maximum take for Proton is only 7.5b now.. he has full possession of the 75% shares which he could sell of for about 30-40bn and scam after that. As long as those 75% shares are in his possession he has a full green light from EMFi on his operation. I would recommend an auditor with view access to those shares.. or a regular checkup with an auditor to prove they are still there. To ensure full compliance in the future.

I also would like to see a published exit strategy, what happens if Proton gets hit by a bus stuck under a bridge?

At this moment Proton is compliant and not a scam. But I can't of course guarantee this for the future.

Final Verdict: Compliant

Strong Buy @ 1.5m
Buy @ 2.5m
Hold @ 3m
Sell @ 4m
Strong Sell @ 5m+

Disclaimer: Compliancy today doesn't guarantee compliancy in the future. Everything reported in this audit is 100% based on checked and proven facts.

EMFi has purchased 1000 shares in PCT after this audit for a price of 2m/share from an existing investor

[EMFI] 15th of August Closing Portfolio

2006-08-19T18:54:00.000Z

This portfolio is the portfolio before we paid out August 15th dividends

Portfolio before dividends (click to enlarge):

[EMFI] August Financial Report

2006-08-15T22:46:00.000Z

About EvE Financials

The past month was again a rollercoaster in the EMFI portfolio. The investment side of things was rather placid, but the dramatics witnessed on EvE-O forums concerning EIB and UEMA made this month quite a ride. We witnessed just about every conceivable plot twist with Cally’s disappearance, in conjunction with a major corp theft at the EIB, an acrimonious split between UEMA and the EIB, and an audit that dragged on throughout the month.

About AATP

This month also saw EMFI launch a new Tech2 production corporation, the AATP, which exceeded all expectations on the speed with which the IPO sold out. We are gratified by the high investor confidence placed in AATP partially because of its affiliation with us. At one point during the IPO release on the EGSE, AATP shares were flying off the shelves at the rate of 427.3 shares per second. We are very excited about our involvement in this new corporation. They have already acquired two Tech2 BPOs, and investors can be assured that the future looks bright.

About EIB

As I have said on numerous occasions, it was crucial for me to remain neutral, impartial, and fair while doing the EIB audit. I know that my shareholders expect my name to be synonymous with trustworthiness, as it directly affects EMFI share prices. Because of this, I offered Cally the opportunity to hold my EIB assets in escrow until the completion of the audit. Cally agreed that when he logged in, he would accept all of my EIB holdings: he would reimburse my savings and corporate accounts and would temporarily buy back my EIBI and UEMA shares. After the conclusion of the audit, EMFI would step back in, reopening our accounts and buying back our shares. Because Cally was never in-game after the agreement was made, I voluntarily froze any trades on our EIBI share holdings, and never once accessed our EIB accounts. I felt that by choosing this course of action, I could best maintain the neutrality that I and my shareholders value in an audit. At no time did I publicly post that assets were only voluntarily frozen, because I felt that it would undermine the confidentiality of the auditing process, both in public perception and in the extent of Cally’s availability. Since the audit was officially put on hold, EMFI has withdrawn 3 billion ISK from our EIB accounts, and has also sold 25 EIBI shares. With the changes that are happening in EIB and EIBI and the change of management, EMFI will reduce its position in EIBI to a lower level until operations are stable again and validate a higher investment. We are still looking forward to the execution of the bank’s plans to work in a divisional manner, which will hopefully increase the profitability of the EIB as a whole.

Our Results

Our results this month are just a little above our target. This is mostly due to the recent unrest with UEMA. UEMA has promised a buy-back price of 750,000, which represents a loss in book value of 250,000 per share. We have adjusted the value of the shares we hold to the buy-back price of 750,000. This represents a dividend loss of 50 ISK per EMFI share. By re-evaluating the share price in this way, we hope to mitigate a bigger loss to EMFI shareholders in the future. Also, this month was very hectic with regards to the EIB audit. Now that the audit has been put on hold, we will have more time to devote to increasing our profit margin for next month.

Dividends

I accidentilly paid about 30isk/share too much dividends this month due to a cut&paste error, this will not be accounted for in the published results and the 30isk/share will therefore automatically be removed from next months dividends.

Now our profit statement:

And our Balance Sheet:

[EMF] Purchases 1.5mil AATP shares

2006-08-13T21:55:00.000Z

We purchased 1.5mil shares of AATP during the pre-IPO phase for 14.7b isk and installed our director "EMFI AATP" in the corp as CFO and Chairman

[EMFI] Scores Major Margintrading deal

2006-08-02T16:35:00.000Z

Today EMFI scored a major margin trading deal for 4.5bil secured with ISS shares @ IPO value. The interest on this loan is 13% monthly.

[AATP] New "EMFi" Corporation in the make

2006-08-02T00:06:00.000Z

EMFi is creating a corporation called:
"Advanced Astrological Technology Production"
together with Gavin Kineli. This corporation will specialize in Tech2 Production and Trade.

EMFi and Gavin will be major shareholders, and remaining shares will be offered to the public.

Gavin will bring extensive tech2 production and trading skills to the EMFi team and will be the CEO of the corporation. EMFi will have CFO position in the corp as a director and be responsible for accounting, auditing and approving dividends.

Watch http://aatp.blogspot.com/ for any announcements.

[EMFI] Pauses offering call options

2006-08-02T00:03:00.000Z

With the lack of demand for call options we assume there is no market for it yet...
We are stopping this service till the demand increases again

[EMFI] July 15th Closing portfolio

2006-07-15T12:49:00.000Z

This portfolio is the portfolio before we paid out July 15th dividends

Portfolio before dividends (click to enlarge)

[EMFI] Second Month Financial Report

2006-07-15T12:21:00.000Z

EvE Financials 15th of June -> 15th of July

The second month started of slowly for the EMFi, we didn't have a lot of working capital because SVE wasn't reimbursed yet, we also didn't feel comfortable doing an SMO with that insecurity for our investors.

After careful consideration and a lot of waiting for the GMs we issued a very succesful SMO which sold out in about 4 days and netted us a lot of profits as well as capital. We started investing agresively in some bluechips. The Bluechip section of our account is almost filled as well now.

Finally the SVE reimbursement came in and we decided to use the profits from the SMO and SVE to normalize our portfolio and write of all likely future losses. A few corps have dissapeared of the face of the earth and others have promissed to liquidate. All these corps are now valued at 0 isk in our portfolio... we may get some isk for the shares, we may even get dividends from liquidation and when that happens it just means greater profit in the next month.

Same goes for EIBI, I can't say anything about this becuase I am doing an audit in this corp; but Cally has made it known that she will consider ceasing operations and doing a buyback at 15mil, I reevaluated EIBI in my portfolio @ 15m to cover this future potential loss.

Now about EMFI

This is my financial statement for this month it has been approved by our Trustee Femintaki.
Our target for this month was 255 isk dividends, we actually paid out 684 isk dividends, so all-in-all it could be considered a good month. We also took maximum losses on our riskiest investments which won't bite us in the following months.

First of all our Profit and Loss statement (in millions)

And our Balance Sheet (in millions)

Dividends issued: 684.2 isk / share
Return on Investment: 7.65%
Retained Capital: 805 mio

Previous report
Related Portfolio

[EMFI] Featured on EVE-Tribune

2006-07-10T20:51:00.000Z

Eve Mutual fund inc. is featured in the premier newspaper

Launched in April of this year, Eve Mutual Fund Incorporated ( http://emfi.blogspot.com/ ) has quickly become a 'Name' of the Eve financial markets. More than that, however, it's the first Mutual Fund in Eve, has expanded the range of choice for Investors in how to invest their ISK and has quickly developed a reputation for professionalism, integrity and expertise.

Read More

[EMFI] offers remaining shares to the public

2006-07-02T19:34:00.000Z

A lot has happened since the start of EMFi and I like to believe we proved ourselves in this period.

First, just a short recap of the last weeks/months.
We sold over 6.2mil shares in 3 phases of our IPO
We broke all records on the EGSEX stock exchange
We more then tripled our estimated dividends for our first month
We invested in shares, bonds and savings
We made over 2 billion in market-making and share-trading
We introduced margin-trading to the EvE community
We introduced stock option trading to the EvE community
We saw our stock trade over double IPO value
We saw the largest BUST of eve history in the financial market (SVE)
We saw the largest BOOM of eve history in the financial market (EIBI)
We hired 2 more staff members to field our External Due Diligence office
We became a brand name, EMFi stands for clarity, transparency, honesty, diligence and profit!

Now it is time to release the remaining shares in the EMFi wallet to the public. As stated in our charter EMFi won't release more shares then the 10m that were originally created.

It is always tricky to set a price on these remaining shares. Set it too low and you upset current investors (that may have paid more or that will be mising out on profits) set it too high and the SMO might last forever.

After careful research we decided to offer our remaining shares for 10% under the weighted average price on the EGSEX. With small discounts for bulkbuyers.

The price for the SMO is 12,500 isk you can purchase shares in the following 3 ways:

You can purchase 100k blocks by sending 1.2b isk each to "EMFi Manager"
You can purchase 10k blocks by sending 123M isk each to "EMFi Manager"
I will enter sell orders for 12,500 isk / share on EIB and EGSEX pending availability of brokers

This SMO will run for 1 week (or till all shares are sold), Over 3.7m shares available for purchase. We believe that even though we will be selling shares under market, as soon as all the shares from EMFi are public the marketvalue will increase.

I will be running an Employee stock incentive program at the same time. EMFi staffmembers will have the option to purchase shares at 10% discount (11,250 isk/share). All EMFi Members and alts are blacklisted from trading in EMFi shares for the duration of this SMO.

[EMFI] Hires Due Diligence officers

2006-07-02T19:26:00.000Z

With the recent history of IPO scams and business failures EMFi has extended her team with 2 more employees.

Please join me in welcoming Taladorn and Shiva Shikta!

Both these new staff members bring excellent real life and eve experience to our team. Taladorn works for a security firm in the US researching corporations, and Shiva works as a Consultant for an external Due Diligence firm.

Their alts are: EMFI Inquisitions and Mesmerism

[EMFI] Offers call options

2006-06-28T19:01:00.000Z

There has been some interest in stock options, EMFi offer the simplest of stock options covered by her own portfolio.

Namely: Out of the money, short term covered call options, American style.
All options EMFi writes expire on the 14th of the month after the option is bought.

What is a Call Option?
Answers.com: "An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period."

Investopedia: "It may help you to remember that a call option gives you the right to "call in" (buy) an asset. You profit on a call when the underlying asset increases in price."

EMFi: "A Call option is the right to buy a certain stock {x} at a certain price {y} until a certain time {t}. You purchase that right to buy for a certain price {p} from the option issuer {EMFi}. If you don't exercise your option before or on {t} then the option expires and is worthless."

Why would I buy a Call option?
Well, there are different reasons, first of all options give a leverage effect, are higher risk, higher gain. You can lose your complete investment in a few days time or it can increase in price tenfold. But I will describe some use-cases where you may want to buy a call option.

1) Speculate on a stock that is hard to sell.
Lets say there is a stock ticker: AAAA that hasn't performed well and only trades for like 1 share every week, the price has been stagnant for a while around 30mio isk.
You really think that this month's dividend is going to be massive and the stock will jump up in price to 40 or even 50mio isk and demand will be really high. However if you are wrong you don't want to have 10 or 20 shares of 30mio in your wallet that you will be unable to sell unless you try to sell for 25mio isk.

Without options you would have to buy 10 shares @ 30mio and wait for dividends. (300mio investment)
a) Dividends are massive: you get 3mio dividends, and resell your shares for 40mio making (300mio investment / 130mio profit / 43% profit)
b) Dividends suck: you get 1mio dividends and resell your shares for 26mio (300mio investment / 30mio loss / 10% loss)

With options you would have the option to buy 300 options: [Call AAAA @ 32 - 14th of July] for 1 mio isk.
a) Dividends are massive: you don't receive any dividends, but you exercise your option @ 32m and resell at 40m (300mio investment / 2400mio profit / 800% profit)
b) Dividends suck: you don't exercise your option (300mio investment / 300mio loss / 100% loss)

Of course to profit from the option in the case of a rise you need the isk to cover the buy and resell of the share, this could be done with a loan, or of course, you could offer EMFI to buyback your option for example 5mio / option (900mio profit).

2) Investing in an IPO carefully
Lets say there is a new IPO Ticker: ABCD and you would like to invest in it but you are not 100% sure it is save. the IPO offers shares at 10mio isk... you really want about 100 shares in this IPO but don't want to lose 1bil in about 3 days.

Normally you would have to buy 100 shares @ 10mio isk and invest 1b:
a) IPO turns out to be a scam: loss 1b
b) IPO runs really well and pays out dividend, share rises to 15m: invested 1b hold 1.5b in assets

In this case you could buy 100 options [Call ABCD @ 12m - 14th of July] for 1m per option.
a) IPO turns out to be a scam: loss 100m
b) IPO runs really well and pays out dividends, share rises to 15m: invested 1.3b hold 1.5b in assets

As you can see you can use call options to limit your risk in case of total failure, or to speculate on agressive price increases (using the leverage power of a call option)

I will update this post as questions arise and will use a separate post (on eve-o) for my price lists.

[EMFI] Featured in PC Gamer UK

2006-06-16T18:25:00.000Z

We are proud to announce that the leading Gaming magazine in the UK "PC Gamer UK" has featured EvE Mutual Fund Inc.

"EVE Online corporations are offering players the chance to invest in their operations, for an eventual share in their profits. The new supply of cash allows corps to purchase new ships and supplies and expand their borders."

"Their board of trustees, including respected and experienced members of the EVE community, will advise clients of potential investments, and manage the vast sums of virtual money"

[-SVE-] Hook, Line & Sinker

2006-06-15T22:08:00.000Z

The first major IPO scam just happened and we all fell for it. Janette analysed our failsafes, prepared herself and beat us.

Luckily it seems we will get away with this and will be reimbursed (while Janette keeps her isk). The rules have been changed, it has been made very clear that all sorts of scams including IPO scams are legal now, even when conducted on the eve-o forums.

First of all I want to say I am happy for my investors and my fellow investors we got our isk back, it would have been a big pile of learning money, and I hope the lesson has been learned anyways.

What does this mean for the future?

I personally think it is a good thing!, over the last weeks the quality of the IPO's has been degrading, people were investing in anything, and the services I could offer as EMFi were limited to throwing my isk at an IPO before someone else did so I could get a stake. Of course I have done my famous grilling, but the participation of CEO's has been limited. Why be grilled if you can sell out your IPO anyways?

What I hope now is that the eve-public is MUCH more sceptic at looking at IPO's and new CEO's are much more realistic about the effort they put into preparing an IPO and the isk they hope to raise.

I see new opportunities and increased revenue from our underwriting and venture capital departments, also I see rising stock prices for established public corporations.

Even though we didn't get any tools, the increased awareness of the public has benefited the IPO community.

Watch this space, I will be writing up in detail the services I will offer in my underwriting, and venture capital divisions.

[EMFI] June 15th Closing Portfolio

2006-06-15T21:48:00.000Z

This portfolio is the portfolio before we paid out June 15th Dividends.

Portfolio before dividends (click to enlarge) :

[EMFI] 1st Month financial report

2006-06-15T20:20:00.000Z

The first month was a very exciting month, we have seen the highs and lows of the stock market in eve. This is my financial statement for this month after it has been approved by our Trustee Omber Zombie.

Our target for this month was 128 isk dividends, we actually paid out 426 isk dividends, so all-in-all it could be considered a good month.

There is a lot of talk about -SVE- and I will put up a separate blog entry about -SVE- and our resolve around that subject.

First of all our Profit and Loss statement (in millions)

And our Balance Sheet (in millions)

Dividends issued: 426.7 isk / share
Return on Investment: 4.77%
Retained Capital: 501 mio

Previous report
Related Portfolio

[EMFI] Announces Short Term loans

2006-06-12T21:57:00.000Z

You need isk now for a few days? You want to invest in shares with shares as collateral?

After 2 pilots we are releasing our very short term margin trading program.

Terms:

Collateral: High profile shares at IPO value
Interest: 1% / day (00:00 to 00:00) + Received dividends during loan period

Already issued a loan for 1.5b and 450m which got paid back within a few days.

This isn't the best proposition, but it is an easy one if you need quick isk for a few days and have a stock portfolio you don't want to liquidate.

Defaulting: weekly interest payment, miss payment by 7 days = losing colleteral

[XANO] acheives 9.24% result

2006-06-11T13:16:00.000Z

"Today the first Xanotech dividend is being paid out to Xanotech shareholders, it was a very eventful period of time for us, our BPO was acquired, our production was started, and we were listed on the EVE Stock Exchange. For those of you eagerly anticipating for this day I can say finally say that your waiting has paid off; due to acquiring the BPO much earlier then anticipated, we are having a much larger dividend then expected. "

Investor Vote

Should Xanotech Produce from Profitable TECH II BPCs?

There is a small and growing TECH II BPC market, Xanotech has the ability to acquire TECH II BPCs at a cost to make a suitable profit through production, while not generating much profit, we expect this side-production to add additional revenue.

CEO Analysis: Producing from BPCs in addition to Xanotech owned TECH II BPOs would generate additional profit with very little risk involved. I am expecting this measure to pass without an issue as it will increase dividend payouts.

EMFI voted YES to exploring the posibility of building from the BPC market to increase revenue and profit.

[-SVE-] IPO Sold out!!! within a few hours

2006-06-11T12:58:00.000Z

Sky Vision Enterprises sold out in under a day.

EMFI has a position in this venture and look forward to a very succesful corporation,

Good luck SVE!

[UEMA] IPO Postponed

2006-06-11T12:56:00.000Z

UEMA has withdrawn her IPO for a few weeks pending a rewrite of the biz plan, training of skills and better timing.

We support this move and wish them the best in the future,

Investors should contact UEMA for reimbursement of their shares.

[-SVE-] IPO Interview and Grilling

2006-06-10T21:29:00.000Z

I have had an interview with Janette of -SVE-:
[edited for readability and security]

Janette > lo
EMFi Manager > just a few quick questions.....
Janette > sure
EMFi Manager > 1) what are the fallbacks for if you go inactive/get hit by a bus? anyone with a directorseat that can run for CEO and liquidate the corp?
EMFi Manager > 2) what sort of BPO's are you going to buy, are you gonna take your time or forcebuy/rushbuy
EMFi Manager > 3) when are the dividend dates
EMFi Manager > 4) is the corp doing the IPO purely for the IPO or will it run multiple financial accounts?
EMFi Manager > 5) how many shares you sold yet?
EMFi Manager > 6) did you apply on EGSE?
Janette > 1) fallback = my brother has access to it all, and will take care of it if anything might happen
Janette > 2) BPOs I'm looking at modules and t2 guns mainly and the good t2 ammo bpos such as long range ammo but I'd rather go with module bpos
Janette > 3) dividend, was hoping to have it every 15th of each month, that will give me almost a week to collect some bpos and make realistic dividends next month
Janette > 4) I don't quite understand the question
Janette > 5) I have 3679 left
Janette > 6) no I did not apply for egse but I might
EMFi Manager > [about Q4] well if there is also a NORMAL corp in the same corp as the IPO
Janette > no it's just an IPO no offices just business
EMFi Manager > can you answer me about the rushbuying?
EMFi Manager > the risk is that becuase you HAVE to buy BPOS and you HAVE to spend 25b you might pay too much or buy a wrong BPO
EMFi Manager > or will you just not buy if the right deal doesn't come up
EMFi Manager > who will (help you) decide what BPO to buy and what to pay for it? have you got expert advice?
Janette > I do the math on every BPO and I will not exceed the 10 month figure by more than 5% over, my brother has several t2 bpos as well so we have some experience in the field
EMFi Manager > why do you do it?
EMFi Manager > what is in it for you?
Janette > other than the 500 shares I have? I've been looking for an investment and this looked like a good way to make use for my freighter and t2 production skills, also I think this is fun, looking at prices investing that stuff
EMFi Manager > are there any really big figure heads that know you well?
EMFi Manager > or even IRL?
Janette > do you know xxxxxxx?
EMFi Manager > yes
EMFi Manager > with my main character
Janette > he's very rich and kinda owns xxxxxxx bpo
Janette > he's entrusted me and he's a friend of mine
EMFi Manager > ok
EMFi Manager > could you have him send me an evemail to confirm?
EMFi Manager > you said you were considering EGSE actually you said you "might" can you elaborate?
Janette > you mean is the IPO not gonna go on egse or me personally
Janette > yes of course I will let it go on egse
EMFi Manager > do you own all t2 component bpos
EMFi Manager > researched?
EMFi Manager > or are you going to purchase the t2 components?
Janette > I have access to several POSes but I will have to discuss with them prices on components, until then I will use market, ram and all that I will get bpos
EMFi Manager > will you ever release a second offering of more shares? or just looking to survive by making the 25b grow?
Janette > I won't, I'm looking to have that 2% of the dividends be enough for further investments
EMFi Manager > sales going well still?
Janette > it leaped around 20.20 but going a bit slower now
EMFi Manager > it seemed you were releasing 5500 shares
EMFi Manager > and 5000 to market
EMFi Manager > but it showed 4500/5000
EMFi Manager > did you actually have 5000 shares OF WHICH 500 for yourself?
Janette > yes
EMFi Manager > so you are raising 22.5b not 25b ;P
Janette > basically
EMFi Manager > ok
EMFi Manager > first I want to buy 1 share
EMFi Manager > so I can verify the corp votes
EMFi Manager > so I will send you 5m ;P
EMFi Manager > sent
Janette > right you want me to send to you or another char?
EMFi Manager > me
Janette > k sent
EMFi Manager > just 1 vote for 4k shares
EMFi Manager > ok.. I will buy some :P
EMFi Manager > was confirming 1 vote has passed
EMFi Manager > to create 4k shares
EMFi Manager > in addition of the 1k starting shres
Janette > ah

[-SVE-] Announces IPO

2006-06-10T19:48:00.000Z

Janette of Sky Vision Enterprises announces an IPO starting tonight at 20:00 (in 19 minutes)

* Float of 5000 shares @ 5m to raise 22.5 further capital
* 20% of profits will go to increase capital
* Has been interviewed by our trustees OZ and FEM and EMFI Manager
* Exelsior has accepted a Trustee position
* 500 shares will go to the CEO in exchange for freighter, t2 BPO and other stuff

Looks promissing

EMFI Rating: BUY

[UEMA] Announces IPO

2006-06-10T19:39:00.000Z

* They want to raise 20b to acquire, yet unknown, T2 BPO's.
* will sell 20k shares @ 1m to raise capital
* will keep 10k shares in corpwallet (dividends will be added to capital)
* will keep 25% profits in corpwallet (totalling 25%+33% from the held shares) to add to capital
* will reserve 10% of produce as salary

The IPO isn't raging, but it is being bought up in small 10m-50m nibbles, EMFI has reserved a 5bil block in this IPO pending research and feedback from CEO's of ASCN.

[EMFI] Dividend Schedule

2006-05-31T09:19:00.000Z

Because of a lot of questions on when we are issuing dividend we decided to publish a schedule with target dividends. Dividends being issued are based on profit and could beat, meet or fall short of our targets.



Date sched / target isk / date -paid / actual isk / diff

15-06-2006 / 128.00 isk / 15-06-2006 / 426.00 isk / +233%

15-07-2006 / 255.00 isk / 15-07-2006 / 684.00 isk / +204%

15-08-2006 / 384.00 isk / 15-08-2006 / 415.00 isk / +8%

15-09-2006 / 485.00 isk / 

15-10-2006 / 649.00 isk /

[EMFI] Week 1 Financial Statement

2006-05-28T13:24:00.000Z

EMFI has been operational for 1 week now since the IPO here is our first mid period weekly financial statement. Dividends will be paid out at the end of the period on june 15th

Matching week 1 portfolio

--------------------------- Income Statement --------------------------
(all numbers in milions since beginning of IPO)
Expenses: 180
Marketing: 180

((Broker sell-off: 98))
((EGSE sponsorship: 50))
((BIO Rentals: 20))
((Marketing Donations: 12))

Brokerfees: ((not being accounted, will be neutralized with trading income))

Income: 2536
Interest: 75
Dividend: 676

((RDST:97))
((EIBI:579))

Trading: 1785

((15xISSPO:120))
((55xPTEC:255))
((22xT2AHL:66))
((500xOTTS:50))
((600xRDST:360))
((1.5mxEMFI:500))
((underbuying:434))

Result: 2356 (156% over target)
Realised dividend for 15th of June: 200isk (+72isk over target)

--------------------------- Balance Sheet -----------------------------
(all numbers in milions)
Liabilities
Outstanding Shares: 62,521
Retained Shares: 37,479
Reserved Salaries: 118
Reserved Dividend: 2,002
Reserved Fund Growth: 236
---------------------------------
Total: 102,356

Assets
Retained Shares: 37,479
Investments: 40,684
Wallet: 17,717
Savings Account (6%): 4,073
Orders: 2,403
---------------------------------
Total: 102,356

Roughnecks Trading announces Float

2006-05-25T15:09:00.000Z

Announcement:

"Roughneck Trading is floating. We are a manufacturing and trading corporation that turns an average profit of 30% on each manufacturing run. We are floating so that we can fund the acquisition of Freighter, Battleship, Battlecruiser, Select Drone and Ammo, Torpedo, Cruise Missile and Select T2 equipment such as Sensor Boosters. The float will also fund the material purchases for the manufacturing of said items. With a GP of 30%+ on each manufacturing run a return of 10% per month will be guaranteed for the fist 10months of operation.5000 Shares on Offer at 1mil ISK each with a guaranteed return of 100% over 10months."

Seems to be very little animo for this float due to the lack of transparancy, communcations and website.
EMFi isn't investing yet in this IPO.

[EIBI] Preliminary Shareholder report

2006-05-25T15:07:00.000Z

Cally: "We have seen excellent progress in the past month, with a slight but steady increase in the market value of the items we produce and sell on.Currently the corporate growth stands at approximatley 8.04% based on initial corporate asset value compared with current book value.This is giving us an estimated dividend payout of approximatley 11.5b to 12b isk, which is slightly higher than projected.Of course, as promised, the EIB will ensure a rate of 10% is paid out and will therefore credit the EIBI account with the shortfall in the dividend.For this reason, there will be 2 dividends issued on the 28th of May.First will be the true dividend payout, and the second will be the shortfall payment."

[P-TEC] A Sign of life

2006-05-25T15:03:00.000Z

Phoenix Technoligies have sent a public message to all P-TEC investors who invested in P-TEC.

Ensuring all investors it isn't a scam and they haven't communicated at all over the last few weeks. Unfortunately many people already lost confidence and stepped out of this stock. EMFi took profits the first signs of P-TEC Inactivity.

Will P-TEC be able to regain investor confidence? a healty dividend and the launch of their new website this month might just be what it needs.

[EMFI] Analyst Reports on EMFI

2006-05-23T17:19:00.000Z

The following brokers have made an analyst report on EMFI,
Thanks for your time!

Omber Zombie // Rating 99% see also: OZ Titty Bar
Jack McFarlane // Rating 90% see also: Jacks Brokerpage
Elange4 // (****)
Ferrosa // 80%

[BMBE] Communication overview

2006-05-21T20:48:00.000Z

Corporation: BIG Merchant Bank of EvE
CEO: TornSoul / Jannis Detari

(Please add comments to submit more links)

Posted - 2006.05.21 [SMO] 30b loan closed 252 shares left
Posted - 2006.05.13 JM Broker Report on EGSE
Posted - 2006.05.07 [SMO] Sharevalue increased to 52M
Posted - 2006.05.04 [SMO] BMBE Issues 50b more shares
Posted - 2006.05.04 [BMBE] #3 period Finances
Posted - 2006.04.15 [BMBE] Press: The Bank accepts T2 BPOs
Posted - 2006.04.14 [BMBE] #2 period Finances
Posted - 2006.03.23 [BMBE] Forums
Posted - 2006.03.05 [BMBE] #1 period Finances
Posted - 2006.02.04 BMBE Homepage
Posted - 2006.02.04 [BMBE] Open for Bussiness
Posted - 2006.01.21 [IPO] BMBE Launches!

[FEIF] Communication Overview

2006-05-21T20:26:00.000Z

Corporation: [FEIF] First Eve Investment Fund
CEO: Carla Black / FEIF Manager

(Please add comments to submit more links)

Posted - 2006.05.21 [IPO] 15.000 shares sold
Posted - 2006.05.21 [Editorial] FEIF Not the first but successful?
Posted - 2006.05.18 [FEIF] IPO Sales Thread
Posted - 2006.05.18 [FEIF] Announces IPO
Posted - 2006.05.18 [FEIF] Launches website

[SHMEC] Communication Overview

2006-05-21T20:19:00.000Z

Corporation: [SHMEC] Silver Hand Mining and Exploration Corp
CEO: Apina Darko

(Please add comments to submit more links)

Posted - 2006.06.20 EMFi invests venture Capital into SHMEC
Posted - 2006.05.19 [SHMEC] launches new website

[NEWS] Financial RSS Feeds

2006-05-21T13:36:00.000Z

[FIEF] First Investment Fund? Not the first but can it be successful?

2006-05-21T11:23:00.000Z

Carla Black, with her alt FIEF Manager has announced an IPO for a total market capitalisation of 1b isk. We are uncertain yet what to think of this operation yet for the following reasons:

1) Timing was extremely poor she tried to float during the extreme hype of EMFI and HIGHR IPO days, was this timing poor, or was the hype the reason she announced the IPO?
2) Unclear corporate goals and business plan. even while the scale is small (1b capital) it is also spread between savings accounts, share portfolio and capital needed for mineral trading.
3) Preparation and language, Carla Black is German, and some of her posts are incomprehensible, I feel this isn't an excuse if you are running a public company, let someone proofread for you, also the IPO seems ill prepared, the website thrown together in a matter of days.
4) Support and safety nets, don't really see those yet besides that Carla Black is a nice person and that 1b is not a lot to do a scam about.

EMFi will watch this operation closely.

[HIGHR] Highroller corp retires

2006-05-21T11:17:00.000Z

Stingy Ceo, the CEO of probable the most controversial corp that has been seen by the financial market in the last year is retiring his operations due to RL issues and probably also to the presure of a 2bilion operational loss. He is liquidating assets as we speak to refund all the investors.

I wonder if we will see more of this very colourful person.

[EMFI] IPO is CLOSED! - 6,239,186 shares sold

2006-05-20T20:41:00.000Z

The first 3 phases of the EMFi IPO was a massive success combined we sold over 6.2Milion shares for a total capital of over 62bil.
I want to specifically thank Jack McFarlane who singlehandedly brokered almost 10bil isk worth of shares through EGSE. and Cally who brokered over 4bil shares through EIBI.

We would like to release our current portfolio to the public (this portfolio is in draft and hasn't been audited or approved yet by our trustees, 0.001% of transactions haven't cleared yet, and we are waiting for 0.005% of the shares to be returned from the various brokers.)

Current portfolio (click to enlarge) :

[EMFI] EvE Mutual fund invests venture capital in: Silver Hand Mining and Exploration Corp

2006-05-20T00:13:00.000Z

Silver Hand Mining and Exploration Corp

Is a new startup company, which startup capital is funded by EMFi for 15% equity in the corp, EMFi whishes this startup the best of luck!

[EMFI] Succesful IPO week - Last day starting

2006-05-19T20:35:00.000Z

The last 24hours of the IPO has begun, you can still buy shares through in the way explained in the eve-online post.

Just a quick financial update on our first week of operations:

We cleared about 1b isk in profit which will be added to the dividends for 15th of june.
We are already 72% to our result target for 15th of june and with the dividends of our complete portfolio still pending this target will easilly be beat.
Currently we sold 5,215,235 shares for over 52b isk.
We will STOP selling share on saturday 20:00 and won't sell any more shares until we have to to increase our liquidity (less then 4b isk in wallet) at market prices with minimum of 110% NAV.
In other words, after saturday 20:00 market will determine price. Get some quick before the IPO is over!
ROI of first week at 10-30% of operational strength = 1.09%

may 19th portfolio:

Enjoy!

[EMFI] First day of IPO great success

2006-05-14T11:01:00.000Z

EMFI raised another 9 bil in capital on the first day of the Phase 3 of the IPO. Capital was raised using the following methods:

Portfolio Consolidation - investors hand in their portfolio's in exchange for EMFI shares
EGSE Brokering - investors buy shares through the trusted brokers of EGSE
EIB Brokering - investors buy shares through the trusted brokers of EIB
Direct Purchasing - for large orders (25k+ shares) EMFI facilitated herself

Currently our Portfolio looks like: (click to enlarge)

[EMFI] announces 3rd and last phase of IPO

2006-05-13T08:19:00.000Z

Corp: Eve Mutual Fund Inc
Source: EVE-O

EMFI shares available to general public now!

Issue price 10,300 isk / share

[EMFI] Portfolio of 12-may-2006

2006-05-12T21:10:00.000Z

Click images to enlarge

EMFI listed at the [EGSE]

2006-05-12T20:39:00.000Z

Today EvE Mutual Fund inc won a listing at the Eve Galactic Stock Exchange [EGSE]

In preparation of phase 3 of the IPO.

Quote: "EMFi has set a new standard for professionalism in all of EvE business, not just IPO's."

[IPO] Phase II of EMFi a huge Success!

2006-05-12T19:05:00.000Z

The institutional phase (phase II) of the IPO has run for 5 days now, and many wealthy individuals invested between 1bil and 2.5bil each on this venture. Currently 2,590,500 shares have been sold in phase I and phase II and another 200,000 shares have been reserved.

Operations have commenced and buying and selling of shares is in full effect.
No dividends have been received yet, but 0.21% profit has already been acheived in this first week.

At this rate, we are on track of beating our target for 15th of June by 0.18%.

Watch this space for the announcement of the Phase III of the IPO to the General public! (as soon as EMFi is added to the EGSE listing)

[IPO] Phase II offering of EMFI shares begins

2006-05-06T22:25:00.000Z

40% of total EMFI shares (4,000,000 shares) have been set aside for wealthy individuals and institutional investors.

Starting 7th of may 2006 till 20:00 eve time 11th of may institutional investors and wealthy individuals can purchase shares in EMFi. Minimum order will be 100,000 shares and price will be 10,150 isk / share.

Procedure to follow:

Post on the eve-online sell forum with the amount you wish to purchase (any amount above 100,000 shares such as 123,001 shares will be accepted amounts under 100,000 will be ignored)
Send eve-mail to the character EMFi Manager
Send isk to the EMFi Manager (100,000 shares = 1,015,000,000.00 isk)
Your shares will be transferred on Sunday night or Thursday night

see http://emfi.blogspot.com/ for details about this mutual fund and its IPO.

At this stage individual small investors are not able to purchase shares yet, this will happen during phase III of the IPO starting next Thursday, once shares for phase II are sold out those investors can purchase more shares during phase III.

[EMFI] EvE Mutual Fund files form SCC-S6

2006-05-06T21:46:00.000Z

EvE mutual fund filed SCC-S6 (Registering shares for public ownership) in anticipation of phase II of their share introduction tomorrow.

Phase II will allow for institutional investors and wealthy individuals to buy shares with a minimum purchase of 100,000 shares before the general eve public can buy single shares. Phase I has finished successfully with the recruiting of 4 individuals and raising 3.6bil capital.

[EMFi] Registered with the SCC

2006-05-05T10:26:00.000Z

Today EMFi issued the following forms to the SCC

SCC-N-8B-2 Registering as a Share issuing Unit Trust
SCC-T2 Registration of Trustees (Femintaki, Omber Zombie, Zzazzt, Naphtalia)
SCC-S8 Phase 1 offering shares to the Trustees
SCC-424A Preliminary prospectus

Shares are expected to become available for phase I of the IPO on Friday night.

Details on the prospectus, IPO Schedule, etc can be found on EMFi Investor Relations

Please see IPO Schedule for details on the release of shares, currently no shares are available to the public.

Zzazzt accepts position as Chairman of the Board

2006-05-04T23:40:00.000Z

Zzazzt, one of the more prominent pod-pilots in eve, founding member of the NVA, Leader of NSA, co leader of Foundation, F-E and ERA. Expressed confidence in this venture and accepts a position as the Chairman of the board. He will sit in a directorchair and act as a safety net in case the fundmanagers get hit by a bus.

Congratulations

[OT-TS] Re-Publishes 1st period results

2006-05-04T13:54:00.000Z

Corporation: [OT-TS] Templi Cube Productions
CEO: Violet Amaria

Source: EvE Online Forums

After doublechecking all the numbers Templi Cube published a first period result of (+0.49%) for 98.51isk/share.

The first month suffered from several weeks of idle ISK as they attempted to acquire barge BPOs. They purchased 25 built covetors to fill projected orders while waiting for a covetor BPO they had negotiated. No bulk orders were made, so they sold part of the stock (5 ships) on the local market and through lottories to generate some profits and interest while they awaited orders. When the BPO acquisition failed, they scrambled to shift gears and begin to generate a profit. During week 2, we acquired a Bane Rage Torp BPO, a Raven BPO, and a Apocolypse BPO. The Torp BPO was put in to a factory immediately with no output until week 3. Delays associated with mineral shipments and relocation of purchased BPOs prevented any real production until mid week 3. The first apocolypse (funni's personal ship) was sold on 4/26. Funni will be repaid with a built Apocolypse at a later date. They sold their first built Apocolypse on the 28th. The Raven BPO is in a lab, where it will remain for several weeks.

[EVSIN] Upgraded EVSIN +15% STRONG BUY

2006-05-04T13:23:00.000Z

Date: May 04, 2006
Corp: [EVSIN] Everyshore Investments
Fund Manager: De Mont
EMFi Rating: Strong Buy
EMFi Trades: (Bid 81,000 isk // Ask 135,000 isk)
EMFi 10 week bid target: 122,500 isk

Due to extreme confidence in EVSIN, traders are paying a premium for these shares (over the estimated fair value of 69,000 isk). EMFi upgrades this stock to Strong Buy with 81k-135k bid/ask spread. EMFi is comfortable with the trading range (81-125k) his stock is moving in.

[OT-TS] Templi Cube: "no dividend"

2006-05-03T19:26:00.000Z

Corporation: [OT-TS] Templi Cube Productions
CEO: Violet Amaria

Source: EvE Online Forums

After talks with several investors and brokers Templi Cube decided to withdraw 1st period dividends for the following reasons:

1) The operational period is too short to issue dividends
2) There was no operational profit
3) There were inconsistencies in the 1st Monthly report which need to be corrected
4) The first month was rough, it is deemed in the investors best interest to not cut into the assets by paying dividends

EMFi supports this move and has more confidence in this stock. We eagerly look out for the 1st monthly numbers once they are republished.

[OGPLC] Communication overview

2006-05-03T19:10:00.000Z

Corporation: [OGPLC] OmniGen Plc
CEO: Fendra

(Please add comments to submit more links)

Posted - 2006.05.01 [OGPLC] auctions remaining shares
Posted - 2006.05.01 [OGPLC] Shareholder report #2
Posted - 2006.04.16 [OGPLC] Shareholder report #1
Posted - 2006.03.22 [OGPLC] IPO Announcement
Posted - 2006.03.22 OmniGen Plc Press Release

Captial Enterprises, how not to release an IPO

2006-05-03T10:26:00.000Z

Corporation: Captial Enterprises
CEO: Captial IPO

Captial enterprises announces IPO

--== WARNING ==--
This IPO Scores 9/10 ARSE

[Aeaus Rating of Scamming Eveplayers]
--== WARNING ==--

Captial enterprises is the classroom example of an IPO Scam as described by Aeaus in the informative article Avoiding IPO Scams. Lets go through the motions of the Aeaus model regarding warning signs:

1) Using an alt : CHECK
2) Excessive request for isk: not established
3) No proven ability to do what they promise: CHECK
4) No proven experience: CHECK
5) No transparency: CHECK
6) Defensive behaviour: CHECK
7) Badly prepped IPO: CHECK
8) No established playing time: CHECK
9) Funky name and bad spelling: CHECK
10) No Matching Forum history: CHECK

Omber Zombie accepts position as Trustee

2006-05-02T22:33:00.000Z

Omber Zombie, a wellknown and trusted member of the pod-pilot community has agreed to become a Board Member of the EMFi through the purchase of 50,000 shares (500mio isk). With a long history of industrial, corporate and combat leadership, as well as being a lecturer at Eve University, Omber Zombie brings his skills in market and politic analysis to the board.

Congratulations

Femintaki accepts position as Trustee

2006-05-02T22:28:00.000Z

Femintaki, a well known trader in the tech2 market has sponsored EMFi with a board membership in EMFi, she will be investing a minimum of 500mio isk (50,000 shares) when phase 1 starts.

Over the last 3 years Femintaki has gained enormous experience in trade and investment within the EVE community. She was one of the first people to recognise the possibilities of theT2 market when it first emerged and was buying BPOs from the moment they started to be discovered by agents. Femintaki now has a personal holding of approx seventy T2 BPOs and this continues to grow.

Congratulations

[OT-TS] Communication Overview

2006-05-02T13:40:00.000Z

(Please add comments to submit more links)

Corp: Templi Cube Productions
CEO: Erfnam and Funni

4th of May 2006: Re-Publishes 1st period results
3rd of May 2006: Cancels 1st months dividends
2nd of May 2006: Disappointing 1st month results (post removed)
23rd of April 2006: Omber Zombie Scores OT-TS @ 80%
18th of April 2006: Templi Cube announces weekly Covetor Lottery
17th of April 2006: Templi Cube acquires Bane Rage Torpedo Blueprint
12th of April 2006: Templi Cube received listing at EGSE
5th of April 2006: Templi Cube Accepts orders for ships
1st of April 2006: Templi Cube IPO Sold out (25% of company)
27th of Mar 2006: IPO Announcement

[EVSIN] Analyst Review

2006-05-01T22:19:00.000Z

Author: Naphtalia
Date of Review: May 01, 2006
Corp: [EVSIN] Everyshore Investments
Fund Manager: De Mont
EMFi Rating: Strong Buy
EMFi Trades: (Bid 69,000 isk // Ask 125,000 isk)
EMFi 10 week target: 115,000 isk

Mission
Everyshore Investments seeks to maximise income for its shareholders through the trading of minerals and NPC goods across the Everyshore region.
The corporation specialises in exploiting inter-regional arbitrage oportunities and uses courier outsourcing to effectively manage logistics.

Corporation
The corporation is basically a Closed-End Trading Company (CETC) that plays the mineral and NPC markets in Everyshore region. They pay out dividends based on their Capital Gain (difference in Net Assets Value) and buy back any shares at 95% NAV.

They have operated for 8 weeks using a small investment pool (50Mio) after they went public and are operating since 5 weeks with a significantly larger investment pool of (220Mio)

Dilligence and Compliance
The corporation has been producing detailed statements for the last 13weeks and have paid out more dividends then the nominal face value of the shares. Corporation is very communicative and publishes clear readable records.

Investor Value
The Company has shown a very healthy dividend averaging around 17.5% of nominal value, they had some trouble retaining their profitability since 3 weeks ago but their latest published numbers are very impressive again and hit their average dividend.

figure 1: Dividend per week based on nominal value

The original investors really hit the jackpot with this stockpick, if an investor invested 10,000 isk in shares in week 0 and sells to the buy-back scheme of this share in week 13 the graph below shows his investment result. As you can see the investor would have more then trippled his isk over the last 13 weeks.

Figure 2: Investment result from week 1, using the buy-back scheme

There has been very limited volume in this stock it seems that all investors are keen to hold on to their shares, to get a more realistic view on ROI you have to calculate the virtual value of the stock based on dividends. The following graph shows the fluctuation of the virtual stock value and the monthly dividend percentages based on the virtual stock value. As you can see, if you use a ROI of 8% monthly this stocks virtual price has been fluctuating between 115,000 isk and 135,000 isk in the last few weeks. That is a over 11x the nominal value of this share.

Figure 3: Virtual Stock value and relative dividend percentage

Finally the graph below shows the investment result based on the virtual stock price (the price someone should be able to sell the shares for now:

Risks & Investment:
This stock is virtually riskless, however becuase it is a CETC, the fundmanager is perfectly in his right to liquidate the corp assets and spread them over the shareholders. The fundmanager doesn't make any claim that his shares are worth more then 105% of NAV. Even though this share is a perfect investment, even at 100k isk when this fund would get liquidated within a year you will lose isk. The fund has shown history for 13weeks and it is likely it will sustain comparable profitability over the next 13 weeks as well. Because of this I set a ROI target of 13weeks which would make the stock value @ 69,000 isk (break even after 13 weeks with simmilar performance and liquidation or buy-back in 13 weeks time)

[EVSIN] Communication overview

2006-05-01T21:00:00.000Z

(Please add comments to submit more links)

Corp: [EVSIN] Everyshore Investments
Fund Manager: De Mont

4th of May 2006: EVSIN Upgraded +15%
2nd of May 2006: EVSIN Analyst Review [STRONG BUY]
1st of May 2006: EVSIN Week #13 Reports
30th of April 2006: EVSIN financial report website
14th of March 2006: Second Share Issue Auction
17th of January 2006: Initial Public offering

Analist Review: Highroller corp

2006-05-01T20:48:00.000Z

Corp: [HIGHR] High Roller Corp
CEO: Stingy CEO

Source: EvE-Online Forums
Author: Omber Zombie

ok, i've gone through the books, here are my thoughts:

What are important assets for this corporation or its business plan?
One of the interesting things about this plan is that minimal assets are required to fulfill the business plan. It's being executed by 2 highly specialized alt characters and as long as they have a stable amount of liquid isk to work with (which it seems they do), the isk generation of the plan is almost risk free. I say almost as with most businesses there is always a risk of competition, but based on what I have been show and a long conversation with Stingy, the competition is both minimal and friendly.

What are the important expenses for this corporation or in its business plan?
Expenses are market taxes only, and the possibility of having to replace a ship. Highly unlikely that a ship relacement will be needed. As dividends are based on a fixed amount (2.8 billion) minimal losses can be incurred without harming the dividend payout,conversely, if business does well for the period, bonuspayments have been madein the past.

What are important revenues/source of income of this corporation or its business plan?
Revenue is based solely on market activities. There is the provision for future movement into the production market, but this will more than likely be part of a seperate IPO. The only risk here to revenue is if the characters involved are found out and wardecced to stop them from operating. As far as I know the only people that know the alts involved are Stingy and myself, so this risk is very low.

Your final evaluation:
The business plan presented to me, while slightly unorthodox compared to most Business Plans, is extremely well thought out. I understand the need for the privacy and askingof trust in this venture as if the main people involvedin this wereto bepublicly known, the plan would fail. Is this a scam? Possible but highly unlikely. The amount of isk involved wouldn't be worth it to Stingy to take the isk and run. If this did occur, I do have in my possession screenshots of all the characters involved in this business, as awell as some characters on the same accounts. They will be released to the public if the worst happens.

Latest (monthly) dividend: 2.8mil isk/share
Your score for this IPO: 95%

[HIGHR] Communication Overview

2006-05-01T20:39:00.000Z

(Please add comments to submit more links)

Corp: [HIGHR] Highroller corp
Ceo: Stingy CEO

21st of May 2006: Highroller corp Retires
1st of May 2006: 2nd Offering for 1oth of May
1st of May 2006: Analyst Review
1st of May 2006: Editorial
2nd of Apr 2006: Highroller Corp announces Stock-split
28th of Mar 2006: Stingy CEO gets in fight over TS Services
25th of Mar 2006: HIGHR Announces sale of Options
23th of Mar 2006 : IPO Announcement

[HIGHR] Stingy CEO Scammer or Mesiah?

2006-05-01T19:42:00.000Z

Financial Details
Corp: [HIGHR] High roller corp
IPO Date: 23th of march
Issue price: 4M
Issue size: 100 share blocks
Flotation: 1,000 shares out of total ?unknown? corp shares
Target: The very bored, wealthy & curious eve-player

On [23th of march 2006] Stingy CEO announced on his alt character Midori Annata. To be able to deliver 5% ROI per 48hours. It involved an IPO of 10 packs of 100 shares each costing 400mio/pack. The story behind this, is that it is a secret way to make isk and unsafe to disclose any information. The thread he posted his IPO in got spammed and flamed to hell. And finally got locked, in second thread he is showing great dividends, on first glance this seems a Pyramid scheme paying out huge dividends (directly from capital) thereby boosting share-price, issuing more shares at a higher price and then eat up that capital as well. The only person that gets rich is the CEO himself. There has been some movement with stock options and other constructions but I couldn't be bothered to wade through the massive amount of posts.

EMFi Rating: Scam Alert - High-risk / High-reward.

Recruitment: Board Members

2006-04-30T18:12:00.000Z

Are you a well known and well trusted individual in EvE?
Do you want to invest and be part of EMFi?
All you have to do is sit in EMFi with an alt and watch your investment get huge!
In addition you are encouraged to give expert advise on EvE financials!

Benefits and Perks:

Ability to purchase Stock in Phase 1 of the IPO
Ability to influence the direction of your investments
Be part of something great!
2.5% of the profits directly paid to the Board of Trustees.
In addition to your significant dividend payments

Apply now! evemail Naphtalia with your main.

(An extensive background check will be done; only well known and well trusted individuals need to apply. EMFi is an equal opportunity employer; we employ without discrimination against race, subrace, gender, religion, security status, faction, alliance, corporation and age. Females and Minmatar are specifically encouraged to apply for this position)

Share Offering Schedule

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Shares will be offered in the following phases:

Phase I: Recruitment (4th of May 2006) Generating Trust
In this phase we will try and recruit Fund Managers and Board members, these individuals will have to be trusted by EMFi and by the EvE populace in general. In order to be considered for any of these positions you will need to invest a minimum of 50,000 shares in this venture which do not qualify for the buy-back scheme for 3 months. Personnel will be allowed to place an alt character into the corporation with suitable roles. 20% of the total amount of shares are available for this phase. Good candidates for this position are Alliance Leaders and Captains of Industry. Payment for EMFi shares with shares from current portfolio will be considered.

Amount: 50,000 share blocks
Target: Fund Managers and Trustees
Price: 10,000 isk / share

Phase II: Institutional Investors (7th of May 2006) Generating Critical Mass
In this phase we target wealthy individuals and corporations, institutional (anonymous) investors are allowed to purchase shares in blocks of 100,000 shares. 40% of the total amount of shares are available for this phase. Payment for EMFi shares with shares from current portfolio will be considered. Please contact Naphtalia or EMFi manager to arrange such a stockswap.

Amount: 100,000 shares minimum
Target: (Anonymous) Institutional Investors and Wealthy individuals
Price: 10,150 isk / share

Phase III: EvE Online Populace (11-18th may 2006) Generating a Market
This phase the normal IPO will be launched we will partner with organisations like EIB and brokers of EGSE for brokering this phase of the IPO. This IPO will last for a week. After this stage the EMFi will be listed on the exchanges and free trade in this derivative can commence and EMFi will use the 90/110 rule for trading EMFi stock.

Ammount: 1 share
Target: everyone in eve rich or poor that wants to be part of EMFi
Price: 10,300 isk / share (+ broker fee for smaller orders)

All capital raised in phase 1-3 will go directly to corp & shareholder value first dividend planned for 15th of June and every month on the 15th afterwards

90/110 rule: Pending availability of liquid cash EMFI will provide buyorders @ 90% of NAV for EMFI shares. If liquid cash runs out EMFI will try and liquidate some assets in order to provide these buyorders. Pending availability of shares EMFI has the option to sell shares to the open market through sellorders. However it must do this at minimal 110% NAV.

Personnel

2006-04-30T17:30:00.000Z

The following personnel will be active in EMFi: (this post will be kept up to date with new information)

Fund Managers:
Fund Managers are responsible for the daily operation of the Mutual fund, they will have to have trust by the trustees and the shareholders and know their business. 2.5% of the profits they manage will be split over between the Fund managers.

EMFi Manager- (Alt of Naphtalia) - Naphtalia has extensive experience in stock and derivatives markets, this is a main character prominently visible in the EVE community also fielding diplomatic and leadership positions.

Board of Trustees:
The Board of Trustees have expressed trust in this endeavour, they will have access to corporate functions which requires mutual trust from the fund managers, other trustees and shareholders. The trustees will ensure confidence with the traders as being auditors, advisers and investors. The trustees have got the junior accountant role for auditing purposses and can run for CEO if they acrue 5% of the shares (in the case of the chairman and fundmanagers getting hit by a bus). The Chairman has director access to be able to liquidate assets. (in the case the fundmanager gets hit by a bus)

Naphtalia: Investing 300,000 shares (3%)
Zzazzt: Investing 50,000 shares (0.5%) (Chairman)
Omber Zombie: Investing 50,000 shares (0.5%)
Femintaki: Investing 240,500 shares (2.4%)
Taladorn: Investing 20,000 shares (0.2%) (DD Officer)
Shiva Shakti: Investing 50,000 shares (0.5%) (DD Officer)

Example Montly Portfolio Statement

2006-04-30T17:01:00.000Z

THIS IS AN EXAMPLE

Total: 105bil

Cash: 35bil

Wallet: 12b
Buyorders: 10b
Corporate Account(4%): 3b
Savings Account (6%): 10b

Shares: 70bil

2.5b - 100 ISSPO @ 25M (-400 shares) (-20%) (54.000 isk last dividend) (high-risk)
20b - 1000 ISSMO @ 20M (+300 shares) (+1%) (1mio isk last dividend) (blue chip)
7.5b - 500 T2AHL @ 15M (+100 shares) (+3%) (0.0 isk last dividend) (startup)
1.0b - 2,000 ESINV @ 500k (+1,000 shares) (-10%) (15.000 isk last dividend)
30b - 2,000 EIBI @ 15M ( -- ) (0%) (1.2mio last dividend) (blue chip)
9.0b - 1,000 TRNSP @ 9M (+500 shares) (+25%) (1mio last dividend)

Figure 1&2 : Portfolio overview

Example monthly Financial Statement

2006-04-30T16:25:00.000Z

THIS IS AN EXAMPLE

Message:

This month went extremely well; the shares of the presumed dead company DR-C which we picked up for 500isk/unit came alive again. The CEO was had been on a break and paid out dividends of 300isk/share and the shareprice went up to 5,000 isk again. We sold 50% of our position in DR-C for a big profit. ISSPO has dropped again, BoB has conquered their outpost and are asking a 10bil ransom fee. I am continuing to diminish that position. Disappointing dividends of ESINV, but with their dropping shareprice I was able to get another 10,000 shares for a reasonable price.

Statement: FMFeb06/EMFi

Last month NAV (ad): 112.08b

Profit: 18.16b

from interest/dividends received: 5.08b
from asset value increase: 13.08b

Payments: 15.53b

Management Fee: (5% of 18.16b) 908mio
Dividends: 14.9b (85% of 18.16b) (1,490 ISK per share or +14.9% over nominal value)

New NAV: 113.9b

New Intrinsic Stockvalue: 11,396 isk (+1.6%)

marketmaking:

New buyback price: (90% of 11,396) 10,256 isk
New relisting price: (110% of 11,396) 12,535 isk

Link to current Portfolio
Link to previous statement

Investment Example

2006-04-30T15:39:00.000Z

Conservative Prospectus
The conservative estimate below shows how investing 100M (10,000 Shares) in EMFi could increase your ISK from 100m to 200m in 12 months time. The only two actions required by you is to buy them and then sell them to EMFi the price shown is the guaranteed buy-back price of EMFi of 90% under NAV. This example assumes the fund manager achieves a result starting at 1.5% growing to 10% in 6months time and the investor uses the buy-back scheme instead of selling the shares on open market.

Initial Target Portfolio announcement

2006-04-30T15:01:00.000Z

We will try to get the following balance in our portfolio (subject to change)

By Branch:

Cash: 20% (cash account, savings account, wallet, and ISK sitting in buy-orders)
Financials: 10% (Shares in banking, investment banking and securities companies)
Real Estate: 20% (Shares in real estate, outposts, POS operations)
Services & Logistics: 20% (Shares services Companies such as: Mercenary, Piracy, Transport companies. Also logistic companies that play the market)
Production: 30% (Shares in companies that do production, such as Tech2 or Capital ship Production companies, including the selling BPC copies)

Figure: portfolio by branch

By Risk:

Blue Chip Companies: 60% (Companies like: ISSx, BIG and Big Blue sponsored companies)
Normal Stock: 20% (Companies like: T2AHL, Everyshore Investments, Eve Investment Bank)
High-risk/High-reward, Scam and dead shares: 10% (Companies like: Stingy CEO, Alvarin Enterprises)
Start-ups: 10%

Figure: Portfolio by risk factor

Profit and Dividends

2006-04-30T14:57:00.000Z

Projected dividends are hard to predict since EMFi is a derivative fund and the profit depends on the stock and IPO markets. The Stock Exchange in EvE is very young, hedging, options or going short isn't an option for EMFi so our success is related to the success of the stock issueing companies.

We expect to be mostly building up our portfolio and capital in the first months and projected net results range from 1.5% in June rising to more then 10% in 6 months time. This would result in a projected dividend payment of 128/share in june 255/share in july, and 1,000/share in december. Our fundmanager gets compensated based on performance alone, with a negative result the fundmanager and trustees will get no salary, with the projected june result of (1.5%) he would get 37.5M in salaries and this payment is directly related to his investment result.

Figure: projected result, invested capital and dividends

We are aiming to achieve a minimum of 7.5% dividend in 6 months time where 10% of the profit comes from interest, 40% of the profit comes from underlying stock dividends and the other 50% from stock trading (buy low sell high) and IPO underwriting.

Figure: profit source

Profit will be calculated based on this months NAV compared to last months NAV.

85% of the profit will be issued as dividend to the shareholders
2.5% of the profit will be issued as salary to the fund manager
2.5% of the profit will be issued as corporate dividend (salary for trustee alts)
10% of the profit will be used for fundgrowth and reserves against shareloss

Figure: profit distribution

EMFi - Stocks

2006-04-30T14:37:00.000Z

EMFi is a Unit Trust, consisting of 10,000,000 shares (ten million) with a default nomination of 10,000 isk (ten thousand). The stakeholders in this unit trust are Fund managers, Trustees and unit-holders (shareholders)

Structure:

The fund manager runs the trust for profit.
The trustees ensure the fund manager keeps to the funds investment objective and safeguards the trusts assets.
The unit-holders have the right to the trust assets

Each month the NAV (net asset value) will be calculated based on total Trust Assets divided by Total Shares in the Fund.

EMFi will guarantee your investment through their buyback scheme, EMFi will also be market making their own stock (pending availability for shares to sell).

Buyback scheme: EMFi will register buy-orders for EMFi shares at 90% of NAV/Share value and will sell (pending availability) shares at minimum 110% of NAV/Share value (1 week after the IPO).

Activities and Opportunities

2006-04-30T14:30:00.000Z

EvE Mutual Funds [EMFI] will be participating in the following activities and will perform an enabling, facilitating and leadership role in these areas.

Market making: Managing bid/ask spread on the Stock Exchanges providing liquidity and preventing excess volatility.
Underwriting: Vouching for new IPOs, buying critical mass of shares before & during the IPO to ensure company success, and facilitating release to market.
IPO Fund: Investing in IPOs in order to resell stock at premium
Mutual Fund: Investing in Blue Chip Companies to generate ISK from dividends and stock increases
Private Investing: Bankrolling a Ltd Company before it goes public

Derivatives Secure your Securities

2006-04-30T13:49:00.000Z

Mission Statement: Maximizing shareholder value by becoming the market leader in the securities market in the Intergalactic EvE Universe.

Background: It has come to our attention that with the vast number of IPOs and different stocks floating around it is hard to know which stocks to invest in.

Questions arise like: "Is this IPO a scam?" "This looks too good to be true, but if it is true I don't want to miss out!" "I want a piece of that stock but can't afford to pay 30Mio for a share, that would be betting all my isk on 1 horse!"

EvE Mutual Funds [EMFI] will analyze and pick the best stocks and IPO's for you and also guarantee the quality of your stock. Investing in EMFI means you spread your capital over a prime list of Public Companies as well as participate in the good IPOs (and avoid the Bad ones).

Acting as a Fund Manager we can afford to strike good deals due to underwriting IPOs, getting discount with brokers and the stock exchanges, and we can afford to research companies and their background/relationships properly. This will also free up capital and facilitate growth of the stock market and minimize bid/ask spread. The low volume of some stocks turns people of.

The Market making department of EMFI will make sure there is a good bid/ask spread and volume on the Stock Exchanges and your ISK is being reinvested very fluidly. Due to the spreading of risk we are able to invest part of our capital into high-risk-high-reward investments which you would like to invest in, but don't dare to. And into long term low volume investments where you will still gain profits even though it would be hard to cash in your profits if you would have invested personally.