Vahrokh Vain

  • Home ▼
    • Announcements
    • About
  • Games ▼
    • EvE Online – The best space simulation MMORPG
      • EvE Online resources
        • EvE Online tutorials, links, software and resources
        • EvE software reviews
        • EvE downloads
      • Vaerah Vahrokha’s services
        • Services listing
          • Auditing
          • 3rd Party Service, Collateral Holding, Insurance
        • Public Audits Records (PAR)
        • Vahrokh’s Emergencies Relief Trust
        • VAERT thread on the EvE Online forums
        • VEMEX
          • EvE markets auto-cache downloader
        • Companies
      • EvE and real life finance
        • Price Action Trading Course
        • EvEMarketHistoryDump, an EvE markets OHLC data exporter
        • Importing EvE market data in a RL trading platform
        • EvE Online sample trades
        • Best finance books reviews
    • Istaria
    • World Of Warcraft
  • Downloads
  • Technology ▼
    • Computer
      • Tutorials
        • WordPress
          • W3 Total Cache
    • Software
  • Economy and finance ▼
    • CFTC, Forex and general trading disclaimers
    • Price Action Trading Course
    • Market analysis index
    • Best finance books
Vahrokh Vain > EvE Online – The best space simulation MMORPG > Audits > 2012-05-04 [CSUNDSCIP011] Cheeba Don

2012-05-04 [CSUNDSCIP011] Cheeba Don

Vahrokh company logoVahrokh logoConsulting

 

Audit report for Cheeba Don business proposal

This is Vaerah Vahrokha’s analysis as of 2012-05-04 14:00 EvE Time.
NEISIN code: CSUNDSCIP011.
Official discussion: link to investment prospectus.
Public Audits Record (PAR) for this investment: backlink.

 

Tools used

jEveAssets
EvE Mentat
Microsoft® Excel™
Blender 3D => LuxRender
Paint.NET => Bolt Bait Pack, DPY Plugins, MadJik Pack, Vandermotten Effects

 

Forewords about the Audit

The Investee wants to keep his corporation identity private. The corporation will be called: “Indy Corp Alpha”.
Cheeba Don is an heavily decorated 0.0 PvP player, high sec trader and manufacturer.
In order to expand on his current activity he is starting an uncollateralized IPO.

 

Generalities

By express indication of the Investee, this audit will exclusively cover the following points:

1) Corporation Net Assets Value.
2) Proof of production.

The Investee provided a corporation and 3 accounts characters API keys for the above assessments. The Auditor performed some addidional investigations as well.

Main character for this proposal is Cheeba Don.
Cheeba Don is a Feb 2006 character. He got 78M SP with a lot of diverse skills: from being able to fly a supercapital ship (many PvP skills trained to V) to T3 to mining to trading, PI and much more.

His alts cover leadership positions in Indy Corp Alpha and have a wide range of manufacturing, researching, invention, trading and transport skills.

Cheeba Don and his alts forum posting history is not very long. It does not show evident ill-behaviors, posts are generally about trading, manufacturing, blueprints and so on. His alts killboard shows a number of losses for a total of about 2B, mostly in low sec and mostly about cyno ships being destroyed or on another  PvP alt. He killed loads though, for about 200B worth of value, with a win:loss ratio of more than 7:1.

 

Manufacturing statements

Cheeba Don alts have all sorts of manufacturing, research and invention skills. There are records about capital parts, capital ships and T2 production and invention.

Follow anonymized screenshots showing these activities:

 

 

Trading statement

It’s possible to determine that Indy Corp Alpha buys the materials needed to produce tech 1 and 2 items and that sells those items on the market.

Follows an anonymized screenshot showing these activities:

 

Involvement in other business

Cheeba Don has not disclosed about liabilities in other business.

 

Business Plan Analysis

The Investee has sent the Auditor a prospectus detailing the business plan, alts assigned tasks and a possible prospectus and other data.

The Investee disclosed his strategy to the Auditor. It involves manufacturing a variety of  items and selling them on the markets.

Feasibility statement: the business plan looks viable, but accurate performance data could not be gathered due to the lack of long term trading data.

 

Collateral and exit strategy

The Investee won’t post collateral for this IPO.
An exit strategy plan has been proposed.

 

Net Asset Value and other balance considerations

The estimated net worth of all liabilities, solid & liquid assets is about 319.539B ISK.
Market transactions are made either by the Investee character or another corporate character.
Assets across all of the characters and corporations are estimated to be worth 276.383B.

Important notice: the reported values may be lower than the real amounts, because certain assets in certain conditions are not reported by the API.

 

Assets and balance

1">audit-record" border="0">
1">audit-record" style="text-align: left;" colspan="3">Balance
Wallet balance:30.251B
Market sell-orders: 12.681B
Market escrow:0.224B
Contracts:0.000B
Investments / receivable:0.000B
Liabilities / payable:(0.000)B
Total:43.156B

 

 

1">audit-record" border="0">
1">audit-record" style="text-align: left;" colspan="3">Assets
POS:8.115B
Fleet / ships (unfitted):4.753B
Modules:3.298B
Misc. solid assets; minerals, salvage, ice and trade goods etc.:76.174B
Blueprint copies and originals:172.195B

 

Other

Accessories (includes PLEXes):0.000B
Charges:0.097B
Commodities:6.415B
Drones:0.447B
Ordered assets under construction:0.000B
Planetary items or resources:3.522B
Ship components:0.000B
General or classified items:1.367B
Total:276.383B

Estimated grand total: 319.539 Billion ISK

The above evaluations were made by using The Forge prices as reference.

 

Conclusions

Due to the lack of performance data, lack of collateral  and large size of the investment, the Auditor classifies this investment as high risk.

Please notice how “high risk” does not mean “unsafe”. It’s two different concepts. Talking about high risk of bad performance, risk of real life complications etc. is one thing, the ever present chance of scam is another. The latter cannot be prevented by an audit, which only acts as first line deterrent.

Indy Corp Alpha as a whole seems competent (skills wise and player wise) enough to deliver on their statements and have past positive records. Their business is in a growth phase.

Basically, the Investee looks like having the ability to successfully honor the IPO. Notice how an audit may only evaluate the ability or potential of an Investee to succesfully honor a bond / IPO.
The Auditor suggests perspective Investors NOT to invest their full capital on this venture but to offer what they could eventually afford to lose.

 

Disclaimers

Due to stringent EvE API limitations, although the information provided to you on this document is obtained or compiled from sources believed to be reliable, Vahrokh Consulting cannot and does not guarantee the accuracy, validity, timeliness, or completeness of any information or data made available to you for any particular purpose.
This Auditor is actively and passionately against any breach of privacy, in particular regarding in game mail API access. Therefore no information will ever be gathered and no audit will ever be released that will contain any element found by eavesdropping someone else’s private communications.
Neither the information nor any opinion contained in this document constitutes a solicitation or offer by Vahrokh Consulting or its affiliates to buy or sell any securities, assets or services.

Follow Vahrokh on:

RSS
Facebook
Twitter
YouTube
Follow by Email

Search

Login

  • Lost Password

Topics

  • Announcements (13)
  • Audit (11)
  • Communications (2)
  • Economy and finance (9)
  • EvE audit (11)
  • EvE Online (48)
  • EvE Online (18)
  • EvE public investment record (12)
  • EvE Vahrokh contract (8)
  • EvE Vahrokh investment (6)
  • Featured (9)
  • Games (24)
  • Market analyses (13)
  • Market mechanics (3)
  • Securities (1)
  • Software (5)
  • Trading (22)
  • W3 Total Cache (1)

History

  • October 2015 (1)
  • July 2015 (2)
  • February 2015 (1)
  • January 2015 (3)
  • December 2014 (1)
  • August 2014 (1)
  • April 2014 (2)
  • February 2014 (4)
  • December 2013 (1)
  • November 2013 (6)
  • October 2013 (3)
  • September 2013 (1)
  • August 2013 (5)
  • March 2013 (1)
  • February 2013 (1)
  • November 2012 (1)
  • October 2012 (7)
  • August 2012 (2)
  • July 2012 (1)
  • June 2012 (1)
  • May 2012 (4)
  • April 2012 (2)
  • March 2012 (1)
  • February 2012 (10)
  • December 2011 (3)
  • June 2011 (9)
  • May 2011 (7)
  • April 2011 (1)
  • March 2011 (3)
  • February 2011 (7)
  • January 2011 (2)

English Terms of service, legal notice - Contact or request information Privacy

Italiano Richiesta informazioni / contatto - Privacy

Additional copyright notices and credits for the products, media, names and brands featured on this web site

Copyright © 2008–2023 Vahrokh.com - all rights reserved · Log in

Definitioner

1 (OHLC)
Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.
audit
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.
1 (audit)
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.
1 (Meta game)
Meta gaming is a broad term usually used to define any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself.
1 (emergent)
Emergent gameplay refers to complex situations in video games, board games, or table top role-playing games that emerge from the interaction of relatively simple game mechanics.
1 (sandbox)
A sandbox game is a type of video game design where a player can roam freely through a virtual world and is given considerable freedom in choosing how or when to approach objectives. Sandbox emphasises a paradigm where, as in a physical sandbox, the user is entertained by his ability to do as they wish creatively and with there being "no right way" of playing the game
1 (discretionary)
A discretionary method is a trading method where little or no mechanical tools and procedures are used to decide the trades. A discretionary trader applies a solid ruleset basing on a flexible interpretation of the market
1 (PLEX)
A Pilot License Extension (PLEX) is an item that adds 30 days of game time to an EvE Online account. It is freely traded like any other in game item. CCP accepts to convert in game PLEXES to real money in case disasters and emergencies happen.
NEISIN
A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.
1 (NEISIN)
A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.