EVE Online: BM2 Update
Some readers have said they have more fun reading my EVE posts than playing it. So here's an update on what my corp is up to.
Recently, we started BM2 Project 2. I called for an investment from our members. They could buy shares in the project for 500,000 ISK each (which is a reasonable price for anyone who has been in the game for more then 2-3 months). We issued 14,000 shares, so the initial capital investment was 7 billion ISK. We limited the investments per member to 250 million ISK for each round, with each round lasting about 4 days to give everyone a chance.
The 7 billion came in very quickly, as I have developed a lot of trust among the membership. As a side note, the shares were issued from a separate holding company. The problem is that if a member has 5% of the shares in a company, they can call a vote to replace the CEO. So I'm not ever going to issue shares in BM2 so that I'm guaranteed to remain CEO. It also makes accounting easier.
With the capital, we bought 3 POSs (Player-Owned Stations), and set them up to "run reactions." This just converts raw materials into secondary materials. As you need a POS in nullsec (lawless space where anyone can shoot at anything without legal repercussion) to run reactions, the profit margin is pretty decent.So one trusted member is responsible for fueling the POSs and keeping them stocked on materials, and I help sell the results and do the accounting. Each month, 10% of the profits go to us two for running the project, and the rest is paid back as dividends on the purchased shares. Several billion ISK worth of materials goes through the project each month, and profits are just starting to come in.
We have also colonized Wormhole space. In a recent expansion, CCP added randomly-located bits of null-sec space which are only connected to "known space" (or k-space) by wormholes. These are also randomly located, and can only be found by scanning. Once you find one, you can enter it, and you end up in hidden solar system that has no security. Below is a view from the X-Large Ship Assembly Array at the POS:
The tricky thing is that 24 hours after a wormhole is used, it disappears and moves to some other random location in the galaxy. So if you enter a wormhole from one solar system, then 24 hours later the exit from the hidden system will have moved so that you would come out somewhere else. Wormholes also disappear after a certain amount of mass has passed through them, which makes it quite hard to get a large fleet into a wormhole.
A while back a few of our members decided to colonize a wormhole by installing a POS there, despite my warning that I thought it was a bad idea. I was really wrong about that one. Once they were established there, they started mining very high-value ores and doing Sleeper Missions, which are PvE missions against a new type of AI that is generally smarter and more dangerous. The corp started paying for the fuel to run the POS out there, and now takes a share of what goes on in the hole.
We had a security issue with some ships being stolen, so we installed a smaller insecure POS and locked down security on the larger one. Fuel runs us about 250 million per month, but we earn quite a bit more than that on our 10% share of operations there.
Our alliance has just made a very good rental deal for some nullsec space. So we've now put up a POS out in the Scalding Pass region. We're starting to get organized there as well. I've made the trip out there, and have installed jump clones so I can pop back easily at any time. Here is the route I took from our HQ to get there:
One more thing: I am now a Capital Ship pilot. We built a Thanatos carrier in our wormhole space. We have quite a few assets there now, and we need to protect them from people who might want to kick us out to have the hole as their own. We will be building several capital ships there, and will slowly develop a bit of a capital fleet to protect our interests. I had never actually seen one of these, since Capitals can only be uses in low- and null-sec space. Here's a pic of me in a Thanatos for the first time:
The funny thing is that in this picture, the carrier has no modules or fighters equipped; I would be capable of dealing exactly zero damage were I to get in a fight with it. At this time I was just moving it from where it was built to where it will be parked. This ship cost roughly a billion ISK, and so I need to be very careful with it. Especially since I didn't pay for it.
That's all for now.
Recently, we started BM2 Project 2. I called for an investment from our members. They could buy shares in the project for 500,000 ISK each (which is a reasonable price for anyone who has been in the game for more then 2-3 months). We issued 14,000 shares, so the initial capital investment was 7 billion ISK. We limited the investments per member to 250 million ISK for each round, with each round lasting about 4 days to give everyone a chance.
The 7 billion came in very quickly, as I have developed a lot of trust among the membership. As a side note, the shares were issued from a separate holding company. The problem is that if a member has 5% of the shares in a company, they can call a vote to replace the CEO. So I'm not ever going to issue shares in BM2 so that I'm guaranteed to remain CEO. It also makes accounting easier.
With the capital, we bought 3 POSs (Player-Owned Stations), and set them up to "run reactions." This just converts raw materials into secondary materials. As you need a POS in nullsec (lawless space where anyone can shoot at anything without legal repercussion) to run reactions, the profit margin is pretty decent.So one trusted member is responsible for fueling the POSs and keeping them stocked on materials, and I help sell the results and do the accounting. Each month, 10% of the profits go to us two for running the project, and the rest is paid back as dividends on the purchased shares. Several billion ISK worth of materials goes through the project each month, and profits are just starting to come in.
We have also colonized Wormhole space. In a recent expansion, CCP added randomly-located bits of null-sec space which are only connected to "known space" (or k-space) by wormholes. These are also randomly located, and can only be found by scanning. Once you find one, you can enter it, and you end up in hidden solar system that has no security. Below is a view from the X-Large Ship Assembly Array at the POS:
The tricky thing is that 24 hours after a wormhole is used, it disappears and moves to some other random location in the galaxy. So if you enter a wormhole from one solar system, then 24 hours later the exit from the hidden system will have moved so that you would come out somewhere else. Wormholes also disappear after a certain amount of mass has passed through them, which makes it quite hard to get a large fleet into a wormhole.
A while back a few of our members decided to colonize a wormhole by installing a POS there, despite my warning that I thought it was a bad idea. I was really wrong about that one. Once they were established there, they started mining very high-value ores and doing Sleeper Missions, which are PvE missions against a new type of AI that is generally smarter and more dangerous. The corp started paying for the fuel to run the POS out there, and now takes a share of what goes on in the hole.
We had a security issue with some ships being stolen, so we installed a smaller insecure POS and locked down security on the larger one. Fuel runs us about 250 million per month, but we earn quite a bit more than that on our 10% share of operations there.
Our alliance has just made a very good rental deal for some nullsec space. So we've now put up a POS out in the Scalding Pass region. We're starting to get organized there as well. I've made the trip out there, and have installed jump clones so I can pop back easily at any time. Here is the route I took from our HQ to get there:
One more thing: I am now a Capital Ship pilot. We built a Thanatos carrier in our wormhole space. We have quite a few assets there now, and we need to protect them from people who might want to kick us out to have the hole as their own. We will be building several capital ships there, and will slowly develop a bit of a capital fleet to protect our interests. I had never actually seen one of these, since Capitals can only be uses in low- and null-sec space. Here's a pic of me in a Thanatos for the first time:
The funny thing is that in this picture, the carrier has no modules or fighters equipped; I would be capable of dealing exactly zero damage were I to get in a fight with it. At this time I was just moving it from where it was built to where it will be parked. This ship cost roughly a billion ISK, and so I need to be very careful with it. Especially since I didn't pay for it.
That's all for now.
posted by Almo at 7:09 PM
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