1. What is an IPO?
Initial Public Offering mean putting shares in a company available for sale
to the public.
2. What is the share price, and how many will be issued?
The IPO price for 1 share is 20,000,000 ISK.
A total of 3500 shares are available for purchase.
3. How do shares work?
Shares work in two ways:
- They give you a regular monthly income from the dividend payouts (and)
- They are an investment in the sense that you can resell them at the value
you bought at, perhaps higher, if it is a good investment. Share from the last
Outpost IPO rose by over 50% in under 3 months.
4. How do I buy shares?
Please follow this link
To buy shares in the ISS Providence corporation, please follow the proceedures
listed below.
Minmum share buy is 10 shares (200m isk). You can buy 11, 12, 13 etc. but not
less than 10.
Corporations looking to buy shares, please follow these steps:
1) Have your CEO transfer from the corporate wallet to the wallet of 'ISS Providence
Outpost' corporation.
2) [ISSPO] Director/CEO Checks wallet within 24 hours.
3) The [ISSPO] transfers the shares to the corporation transferring the money
and an evemail sent to the pilot initiating the transfer.
Individual Investors looking to buy shares, please follow these steps:
1) Pilots transfer the ISK to the wallet of 'Duke Steele' [ISSBO].
2) 'Duke Steele' checks wallet within 24 hours.
3) 'Duke Steele' transfers the shares to the person transferring the money and
an evemail sent to the investor.
5. What happens if I transfer less than 100M ISK?
Transfers of less than 200M will be treated as donations. Partial transfers
of less than 1 share eg. 1m isk, will be treated as donations.
7. What is the expected monthly dividend % on the shares?
The monthly dividend is anticipated to be around 5%, or 1,000,000 ISK per share
per month.
8. How can I resell my shares?
Until the Eve ingame mechanics regarding trading of shares is re-implemented,
the ISSO, ISSMO and ISSBO corporation members can broker share trades for you.
This is to stop players scamming each other.
9. What is to stop the issue of more shares?
After the initial IPO, no further shares will be issued. This is protected by
in-game mechanics as Issuing additional shares requires a vote by all current
share holders.
10. How will ISK be generated for the dividends?
Multiple revenue streams will be used to generate revenue based on available
game mechanics.
At this time they include:
- Docking Fees
- Rents (Offices, Factories, Labs)
- Repair Fees
- Broker Fees on all Market Sales
- Clone & Jump Clone Contracts
Additionally a one-off bonus to dividends will come through the auctioning of
offices.
11. How much of the outpost revenue will be put to dividend?
100%.
The POS surrounding the station for security and maintiain ownership of the
station will be at the expense of the ISS and independently profitable.
12. How do I get an office in the outpost?
Since we are building a Gallente outpost and an Amarr oupost, we have 20 offices
available.
3 Offices will be reserved for: ISS Operations, ISS Navy Task Force, ISS Logistics
The 17 remaining offices will be offered as follows:
- To Investors who invest more than 2 Bn ISK will automatically be offered an
office in the Gallente Outpost
- To investors who invest more than 4bn ISK will automatically be offered an
office in their choice of Amarr or Gallente Outpost.
- If any remain, they will be auctioned on the Eve-Online forums.
- Office rent will be 50m isk per month in the Gallente and 75m isk per month
in the Amarr
- Office holders will receive a 95% discount on factory, lab, docking and repair
fees at both stations.
- There is no administrative fee for Outpost office holders to use jump clones.
13. How will the risk of the Outpost being taken from the ISS be reduced?
The outpost is supported by the neighbouring alliances, both because they are
shareholders in ISSPO and because of the infrastructure upgrade it represents
to the region. In terms of security, sovereignty of the system containing the
outpost will be ensured by a heavily defended group of POS. Management of the
POS will be performed by ISS management corporations (ISS Logistics, ISS Navy
Task Force, ISS Operations, ISS Providence Outpost Corporation).
14. Who will defend the station?
The outpost system will be heavily fortified with POS. Agreement has been made
with a number of anti-pirate corporations to have offices, as well as ISS Navy
Task Force will defend the system along with mercenaries on an as needed basis.
It is also in capital ship jump range of ISS Marginis
15. Will I be able to dock at the station?
To encourage trade, the ISS Providence Outpost will be open to all pilots, pending
them disrupting the operations of the outpost (see next faq).
16. Who won't be able to dock at the station?
To begin with, all pilots and corporations can dock at the outpost. Pilots,
corporations or alliances will be set to -ve standings and incur either penalty
surcharges or denied docking privileges for the following:
- Committing acts of piracy regularly in any ISS outpost system and neighbouring
systems resulting in a major disruption of trade
- Committing acts of aggression towards the ISS including:
- Declaring war on the ISS
- Accepting or Initiating Mercinary contracts against
the ISS
- Setting -ve standings towards the ISS
- Declaring ISS alliance pilots KOS (Kill on Sight)
17. What will the docking fees be?
The docking fees are linked to the volume of the ship and will be raised or
lowered at the discretion of the ISS to maintain investor returns. Initially
we are planning on 0.2 and 0.6 x the ships volume for the Gallente and Amarr
outposts repectively. To name a couple of typical examples:
- A Bestower or Viator will be charged in the vicinity of 50.000 ISK
- A Charon (Freighter) 3,250,000.
It is a small percentage of the profiability of buying/selling 20,000m3 or 900,000m3
of goods respectively.
18. What will the broker and transaction tax fees be?
Broker fees and Transaction fees will be the same as any NPC station in EVE.
Broker Fees go to the ISS Providence Outpost Corporation. (1% of total market
transaction) Eg. a Battleship sold for 100m wil earn the ISS Providence Outpost
Shareholders 1m Isk.
19. Who will manage the outpost?
Technically the ISS Providence Outpost corporation, but in practice, the ISS Operations
corporation.
20. Where will the outpost be located?
We have evaluated a short-list of locations. The exact system will not be announced
until the outpost is completed for security reasons.
21. What kind of outposts are they going to be?
It is going to be a Gallente outpost for the market functionality. And one Amarr
Outpost for the manufacturing ability.
The Gallente Outpost has:
- 16 offices, 4 Factories, 1 Copying Lab, 2 Material Efficiency Labs, 2 Time
Efficiency Labs
- Market,
- Medical (Cloning / Jump Cloning)
- Repair
- Fitting
- Insurance facilities.
The Amarr Outpost has
- 4 Offices
- 20 Factories
22. What happens to my ISK if you can’t raise enough capital to build
the outpost?
The funds will be returned to the shareholders.
23. What happens if you need to change policy on any of the investment critical
FAQ?
It will be put to a shareholder vote.
24. So if this is so great, why doesn't the ISS just buy all the shares?
If we had enough ISK we would!
But seriously, two reasons:
- Shares need to be sold to the neighbouring alliances and the broader eve community
for stability
- The ISS alone doesn't have enough ISK.
25. Can I install a jump clone in the station?
Yes. All corporations who have neutral or positive standings with ISS can apply
for +1 standings with the Outpost corporation to make it possible to use the
outpost for clone jumping. This has a one-time 25m administration fee for either
your entire corporation or as an individual pilot.
The Rebirth service is meant to help local industrial corporations manage their day-to-day operations in the Northern Regions. Each application will be evaluated on a case pr. case basis with special attention to possible military abuse of jump cloning. ISS Providence Outpost will reserve the right to turn down applications or cancel clone privileges without explanations.
26. Why the high docking fees on the Amarr Outpost compared to the Gallente
outpost?
The current game mechanics are not delivering factory rentals to Outpost Owners,
so a docking fee policy must be used to supplement the income until this is
fixed. This was exactly the same situation with ISS Marginis - it was launched
before market fees were given to station owners, yet it didn't impede the success
of the project. The docking fees will be lowered or removed when the game is
fixed so that factory fees go to ISS Providence corporation.
27. What are the key differences between the ISS Providence and the ISS
Borealis/ISS Marginis Outposts?
We learned a number of useful lessons from the Borealis and Marginis Outpost
projects.
The specific difference are:
- Providence costs more to finance since it is actually managing 2 outposts,
'ISS Consido' and 'ISS Fabrica'.
- Providence (like Marginis) is speculative based on traffic flows. Borealis
allready was driven by direct demand from neighbouring alliances.
- Providence will immediately start with 50m/mth office fees, securing a large
part of the monthly dividends.
- Providence like Borealis, will have Broker Transaction Fees from day 1, Marginis
did not have them until the RMR patch came in.
- Providence will have the same docking fees as Borealis and Marginis.
Overview
Previous ISS Outpost IPOs
Why
Invest How
to Invest Business
Plan FAQ