Hello everybody,
Thank you all for the interest so far, in here i would like to go into a bit more detail on various subjects concerning the stable.
About me, and my motives
My ingame name is Harmony Bella Simpson, and I’ve been playing this game since the introduction of Treasure Island on planet calypso (a looooong time ago). I’m a pretty allround player profession wise in EU, but I am currently focussing on crafting.
What got me hooked tot his game is the possibility to make real life money in a video game, although I never could get myself to withdraw a single pec of my hard earned money. I’m kind of a hoarder ingame and can’t get myself to sell away stuff, after spending so much time collecting it all
I tend to play and invest on each planet to support the different planet partners, it is my strong belief that the better the different planets go, the more positive changes and cool new additions we will get in the game. The only exception at this point is Next Island, but i have purchased shops/appartments/deeds in the past on all planets so far, and am also playing at least a month a year on each different planet. I am hoping to make Cyrene a more permanent home, but that is hard for me at this time because there is little to do here for a crafter.
While i can easily sell off some CLD and AUD to purchase a shop for myself, i decided against it because:
· I don’t want to sell off deeds and end up not owning a stable because someone else had more peds
· I don’t want to sell off deeds period (the hoarding issues
)
· A collective is better to lower the risk, increase purchasing power and keep people invested/interested in cyrene and taming.
· Also a succes story of a cooperation might increase interest from other players for future projects, and while this is a game where it looks like you can only profit if somebody else looses, making it a pvp game. In truth you can only really win if you work together.
Purchasing process
I will gather all the peds from the investors and in return they will get collateral. All those peds will go to in a ‘puchasing pool’ from which the bids will done. All investors should name a maximum amount they want me to buy the stable for, and once that amount is reached i will remove their peds from the purchasing pool.
Example:
Suppose there are 4 players who each invest 10k peds, and one of them has a maximum of 25k peds they want the stable to costs.
In this case I will start bidding with 40k peds on card, but when the price goes over 25k, then 10k from the investor that had the max at 25k is withdrawn from the ‘purchasing pool’ and returned to the investors, and I will keep on bidding with the remaining peds.
In this example: If the stable goes for 25k then there are 4 shareholders each owning 25%, if it goes for 25-30k then there will be 3 shareholders each owning 33%, if the prices goes over 30k then somebody else will win the auction.
Note: I will not share the amount of investors or the amount of maximum peds they want invested until after the purchase. This is to prevent giving out information to other potential buyers, reducing our chance of actually winning the auction.
Any leftover peds will off course be returned to the shareholders.
Collateral
When you make your investment you will get colletaral in the form of CLD or AUD at their current markup. Any income you will receive from those deeds will be substracted from the income you get from the stable. So there is no risk for the investors (except for pricedrops in CLD or AUD)
Operation
Any decisionthat has to be made on the stable operation will be put up for vote to the shareholders, if there is a tie in votes, the final vote goes to the top 3 investors. This should make it as fair as possible.
Vision
The way we will run the stable, if we end up winning it, will be up the shareholders but i would like the prices we charge our customers to be relatively low, i prefer a lot of customers paying a little then a few customers paying a lot (I also hate 5% tax land areas).
Revenue sharing
This is a bit hard since we don’t know how everything will work yet, but i assume that all income/expenses will show ingame so i can make screenshots of everything to supply proof that you get the amount of peds you are entitled to.
We don’t know how often the the payout from the stable are, but to keep things simple i will not do a payout of income to shareholders more then once every two weeks, i need time to play the game as well
Selling shares
If for some reason you don’t want to part-own the stable anymore you are free to sell your shares to another player, however there are three exceptions tot his:
· You have to sell all of your shares to 1 person, we don’t want to end up with 500 co-owners
· You aren’t allowed to sell to a scammer/cheater
· You aren’t allowed to sell to a pirate
Also i am willing to buy your share based on the purchase price of the stable, but you’ll have to give me a few weeks to gather the peds.
Risks
There are always risks involved when making an investment, and i would like you to take a minute to
think about those first.
· Cyrene is still in soft-launch and doesn’t have a lot of people on it yet, so potential revenue might be lower then stables on other planets
· New stables might be added in the future
· The functionality of taming still has to be released, this might get delayed or it might be really boring
That being said, I think the cyrene stable is a good investment because of the potential growth of the planet, and the excellent feedback we get from the developers on this forum and (not quite often enough though J) ingame. Most bigger investments ingame have been a huge succes for the buyers (except for the banks off course), and i think the stables will be a big succes too.
Other
I’m sure I missed some stuff in here, so feel free to ask or point out improvements in the plan J
