Topic: Crypto Kingdom - 1991 Retro Virtual World(City) - page 214. (Read 632701 times)

I will likely confer with any shareholders what they would prefer for dividends, if any.

I am making markets in the corp tab.

Little is planned at the moment; however, that is something we may need to have a shareholder meeting about.

Dividend policy?

Market making?

Future plans?

(We are very pleased that this corporation is becoming public, and welcome the "competition" with Grand Hotel and other great corporations.)

Lord Luigi has begun making markets for Lucky Lion corporation stock (currently has 26,800% in services pool).

He estimates assets as follows:
8q choice land in 1-C-F7 = 800m
4q choice land in 1-E-E25 = 400m
Lucky Lion Building on F7 = 800m
Lucky Lion Culture Tower on E25 = 350m
150 shares stock in the Luigi/Jacket Quarry = 150m
Miscellaneous: ~90m moneritos cash, 200g = 110m

Total = 2,600,000,000+ moneritos

Lord Luigi currently owns 2,000 shares in the Lucky Lion. He is offering the first 100 shares for sale at 1.3m each, or just under face value of the above items!

Edit: the first 100 shares are gone! Stay tuned.

In answer to Roopatra, I would favor some limited public offering as I would like the change to buy more shares myself. 

To HM.
As the one taking the risk on this arrangement as it stands, I had some interest also in such deal, but after Asenath looked at the books she saw that with the arrangement you propose, a public offering would likely fail.   At the production rate and costs of RAQ as it stands, if the capital costs are not considered at all, and only the labor and equipment breakage, the costs assessed to the shareholders would be over 200 per stone.  I advised her that I was indeed confidant in her management skills and that if she would undertake the effort, I would back the costs but would want to sell some shares to others as well.  Her own operation is close to half of that cost (not counting costs of capital, only labor and lost equipment) lately NLQI is around 115 per stone and possibly headed lower if volume can be increased.

BUT...Accomplishing that takes some significant capital investment as well as insight and luck.  On the capital, interest or opportunity cost is lost.  That capital is sunk and gone and might only be seen again if both the Quarry and the Kingdom thrive and prosper, (which we think it will but not all have such an eagerness for risk).  Some are working at making a living and simply need a good investment to make that easier that won't cost them anything more along the way.

So that is how we came to the current arrangement.  If Asenath is as successful as I think she will be, the quarry will be productive.   But to get from here to there... and also to have a chance of selling some shares... someone has to take the downside risk, and to have an IPO we need to let the shareholders have the upside rewards without assessing future costs that they can not control.

So Like NLQI, we would want the shareholders to get stones at the lowest price, non-shareholders get the mid-price.  If the quarries are productive, these prices are sure to fall, and the quarries will seek to be productive.

His Majesties wishes and wisdom are renowned, and after all is said and done, that is why His Majesty is our king.
So Now.... I can not speak for Roopatra, and ultimately it is her decisions as she is the owner.....  Perhaps a special class of share may be issued to accomplish precisely what it is that His Majesty is seeking.  I can see how it can be done, but I suspect it would be attractive to only a select few who can absorb the higher risks and potentially higher rewards. 
The special class of share would provide direct delivery and payment daily of costs of extraction, but would be expected to be priced higher because it not only deprives the quarry of any potential winfall rewards from its efforts, if it were priced the same, there would be no funds or incentive to expand quarry operations.  To me it seems a simple arrangement, but I can see how it could look complex to those less accustomed to such things.

HM is in a special circumstance and may see these as an attractive option, and frankly I agree that it is just so, albeit on a longer investment horizon.  But... there is only one king after all.  Would any others like that sort of arrangement?  Would any like something more like the NLQI model?  It could be an opportunity to ride along on a turnaround of a struggling operation and reap the benefits of that.  The more quarries we can bring to profitable production, the quicker our city can be built.

Announcement of the CEO and Ownership Changes in the Roopatra´s Quarry Corporation

To better provide this town with the stone resource from the SE quarry, Roopatra has negotiated with NL about the quarry management, and we have reached a decision to team up for running the SE quarry. From this day onwards the SE quarry will be managed by “The Top Quarry Manager”, Mistress Asenath, who is the same person running the New Liberty´s Best Producing –quarry in the Kingdom. Prince Joseph is so certain of Asenath´s management skill, that he will cover any cost overruns until the quarry is profitable, or Asenath leaves the management role.

In addition to the change in quarry management, we have agreed to a new name for the quarry: RAQ (or, the Roopatra Asenath Quarry Corporation), to mark this new era dawning on the SE quarry.

We have divided the ownership of the corporation shares, so that Roopatra remains the majority shareholder of the quarry, but NewLiberty and Asenath are well rewarded for their experience and expertize in running the business.

Roopatra earlier told the good citizens who were eager to buy shares of the Roopatra Quarry Corporation, that there will be no sell of shares, until she has been able to make the quarry profitable. With this I wanted to make sure that the trust and the money of the shareholders is not misplaced in a badly managed corporation. Well, I believe, with Asenath as the manager, that the time has now come.

Therefore we are now considering the possibility to sell out shares for the new RAQ corporation. We are exploring our options by asking the fellow citizens, whether they would have interest to buy into this corporation. Shareholders would get the quarry profits in proportion to their ownership percentage, as well as access to buying cheaper stone for their buildings, in a similar manner as the current shareholders of the NL quarry. If enough want them, maybe we should be a public company? Let me know, if you would want to buy some RAQ shares?

With Regards from the RAQ corporation,

Roopatra,
NewLiberty and Asenath

I am truly honoured & grateful for HM's kind words! Who would have guessed all those many years ago when I was but a humble hard working tavern owner working long hours in the 'Hung Drawn & Quartered' that one day I would rise to such an exalted position as 'Prince'. My gratitude to Your Majesty knows no bounds!

I happened to be away from CK when the news of my promotion was announced, as I was taking Hokusai (my new sockpuppet) on a quick tour of Europe's finest Art galleries. Hokusai comes from a noble Samurai family in his native land of the rising sun. He's one of those excellent Japanese chaps who's just as capable of slicing a man into a thousand pieces with his Samurai sword in 2 seconds flat as he is at penning a sublime sonnet in your honour, or more likely in Hokusai's case, painting an image of your likeness to rival anything seen in the finest galleries of Europe. Hokusai is taking up the position of Director of the 'Hungus Academy of Art', and inaugural Curator of the 'Tsurugajo Art Gallery' (aka 'The Hungus Gallery').

Hokusai has plans to see that HM's likeness is 'well hung' in the Hungus Gallery soon, more on those plans later!

Again, this 'humble tavern owner' is deeply moved by HM's continued support.

Trust in Economy haw is sold to The Prince of New Liberty


Well, that pretty much reveals the essential.. 

Congratulations to the new Prince!


Town Council Decisions concerning the Trust in Economy Borough

We see that the Trust in Economy borough has quickly established itself in economic activity - about 106 million per year is earned by the NPC population working there (cf. 116 million by NPC's and 54 million by PC's in the Old Town). It is imperative that we start to capture a larger chunk of their income to the local economy.

Therefore we have opened the C chapelry for building. Due to its central and valuable location, and the clear opportunities for a nice windfall from the quarry workers, we are unable to give this land for free, there would be too many takers.

The price will be restricted, though, to 50 million per quadrat. The juiciest lots are allocated to the most venerable characters and institutions in town. If they refuse to buy their allotment in a reasonable time of about 3 years, they will join the rest of the lots. (Church and Town allotments are donated, but HM and Prince of OZ will have to pay for theirs.)

The rest of the lots outside the monumental Trust in Economy square, are in Dutch Auction, with price starting from 50/q and going down until all are sold.

The other chapelries will be made available and as affordable as possible, once they become available from the quarries.


sign
Mayor and Councillors of the Most Ancient Town of CryptoTown

Our stone quarry is now offering stone to its shareholders at Lord Luigi's Stone Market Buy price.

If anyone is looking for a quick (though small) profit, the Lucky Lion corp is willing to buy up to 30 shares at 1,100,100 each (10% profit).

Painting of Church Youth Center from East side, with hanging gardens on the roof.

The previous Church's architect, Quicken, had to resign from his position, due to personal matters. We looked after someone to replace him and we are happy to announce that Febo Urso Mortiginto is more than up to the task. His glorious ancestry lives well in him.
As is the rule, the Church's architect will have exclusivity on any Church's building, except if he gets overloaded. Signore Mortiginto is allowed to accept third-party requests and his reputation as the architect for most spiritual buildings will certainly attract attention and may in turn increase awareness on buildings he will be the designer of ("it's a Mortiginto"). Think about it when choosing an architect.

Development of the Trust in Economy Borough (2)

The Town Council has decided to take office and do it in the Town Council Meeting Room in the Town Hall Annex. The first meeting there (IRC) will be held today 20:00 GMT.


The most pressing need is to decide about the 2-C chapelry, a very distinct and important piece of land if developed properly, the destination of all driver rides if the tourist does not know where to go, or a common language is not found. And millions of tourists we will have soon, as The Marquess of F.S. is about to update on the development.

There is a tab called "OVERVIEW-2" which outlines the Mayor's plan. The decision will be reached in the Council, but public discussion can help the Councillors to make the best decisions. Features:

- A one, clear, major, central square in the whole borough. All possible other squares are two notches below. This makes the land around it very valuable, and it is zoned to 8 large lots for important constructions. Aim is to boost the town finances as well as to beautify it.

- 8 radial streets/roads lead to all the chapelries, and 4 of these (N,E,S,W) are major roads that go to the borough gates. East gate is most important of these, since that is the road to the Old Town only about a mile away. The road goes through the Citadel, which was almost ready when the barbarian threat subsided, and still is - the Donjon(Keep) rising to 25 m height, drawbridges from the town to Donjon in good condition, but the outer wall being only 6 m high, without much any defensive structures, except 3 cannons hidden inside the walls. The cannons were hot in the 1400s, but are becoming commonplace and alarming stories say that they soon have enough firepower to destroy the stone walls. Oh well...

- One ring road acts as a link connecting all the chapelries.

- The land in the 8 "quarry chapelries" becomes available when the quarries finish. By that time, the centre should be already quite developed. The land in other chapelries would be given to the first builder, after meeting a minimum e, which can be as low as 0.15. In practical terms, you build a 90 sqm townhouse next to a road, you get the total of 6 q of land from Town.

- We have already decided that the Nobles need to have their palace in the Old Town (since they will have an additional requirement of a country castle anyway soon). It is under discussion whether Masters can live in the new chapelry or not, and we think that it should probably be allowed. There they are near their workshops, research, and other things in the scope of their mastery, and also the land is cheaper allowing the aspiring new players become Masters sooner.

Councillor Paulson has also a plan, which he can present himself, to the council, or to all if he so wishes.

Once a million stones annual output is reached, she's going to be Baroness Asenath.

NLQI shareholder report

IPO Price: 1Mm/share
Marquess Joseph making markets for NLQI:      
   avail qty   at price
WE SELL    40   4.00
WE BUY    40   3.40  
Apologies for the low qty, volatility has reduced liquidity until we can dislodge some more sellers of these shares.

NLQI achieved operational profitability in this year of the festival.  Some acclaim is shared with Lord Chancellor Smooth for his treatment of our Engineer Haruf "Tacky" (The engineering team had made some use of the overnight freezes to do a little rock cutting based on some sketches, and we hope for his return to productivity from university), and also a big thank you for The Most Reverend Bishop David for sending a parson for services to keep our workers near the jobsite.  
 
Mistress Asenath has set a production goal of 500,000 stones produced in the next year and is working diligently in order to accomplish this.  
Part of this goal is attained through attending to all of the workers needs to the best of our ability keeping them happy and healthy in body and soul.

Many (but not all) shareholders are taking advantage of their option to buy stone from the quarry on a daily basis at the market's "BUY" price.
Excess profit from sales have been used to buy a little gold which will be split among shareholders upon the completion of quarry operations and the dissolution of the quarry.

NLQI has developed some quarry management talent as well as worker expertise and has promoted many of its workers in the last few years to higher positions.  We look for this to continue.  We have now broken topsoil on about half the jobsite and so are looking at expanding operations until we have an optimal productivity.  We are only now beginning the shift of workers into more productive activities from their beginnings of building structures and readying the job site for large scale extractions and some of the more difficult stone cutting efforts.

We believe some of the better stones are yet to be found more deeply and are expecting some nicely colored basalt and even stronger rock suitable for supporting the great structures of the Crypto Kingdom's capital.
(Shown below, the drawing of a future plan for removing the stone to be the base of a pillar from deeper within the quarry)

Sure.

My grandma passed away yesterday so I'm not able to be online since there's guests coming..
Can I save the question for later?

Stone news A.D. 1526

The production figures for next year are already known (the stone will be added when the year changes), and NLQI seems to have increased its production the most: to 346,875 stone.

Sunday did not bring any rumors, but the usual consultation for questions is possible. NLQI and iluvbitcoins' company will get a "big question" and the others a "small one". Ping us in IRC!