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Nxt Discussion => Nxt Asset Exchange => Assets Board => Topic started by: printshop on August 23, 2014, 02:21:16 pm

Title: Kongzi Print Shop pays a dividend
Post by: printshop on August 23, 2014, 02:21:16 pm
Kongzi Print Shop (http://kongzi.ca/wordpress)
Asset ID: 10941619155761914846 -- always check the Asset ID when trading.

Promoter
Kongzi Print Shop
http://kongzi.ca/wordpress

What is it?
A personal services company serving the unique needs of ESL students in China and Japan.

How many shares to be sold?
Up to 1,000,000.
Edit: We will close the IPO after 50,000 shares have been sold on NXT or Coinsortium.

What price will they be sold at?
0.001 BTC or 12.5 NXT.

Company Announcements

Official Company Announcements :
https://coinsortium.co/security.php?ticker=KPS#Anouncements
NXTforum Discussion :
https://nxtforum.org/index.php?topic=4740.0
NXTforum Dividend Announcements (only) :
https://nxtforum.org/index.php?topic=4916.0

NXT account used to issue assets
NXT-GEA3-AW7K-PWQY-GY3QK

Asset ID
10941619155761914846

Ticker symbol
KPS

-----

For more information please see our coinsortium.co page (coinsortium.co/security.php?ticker=KPS) and our development blog (kongzi.ca/wordpress/print-shop/).
Title: Kongzi Print Shop pays a dividend
Post by: printshop on August 25, 2014, 02:45:40 pm
FAQ

1. Where is your web page?
http://kongzi.ca/wordpress
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 25, 2014, 02:48:25 pm
KPS is pleased to announce our first weekly NXT payment.

All NXT holders were paid 5.25492268 NXT per share.

Thank you for your time,


“I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.”
― Paul Dirac


NXT payments sent
Stakeholder---------------------QuantityPercentage (%)PPSTotalTransacrtion ID
NXT-8FG7-5GYY-WN87-FMQFQ200.0025.25492268104.0984536710638105664437402261
Title: Re: [ANN] Kongzi Print Shop
Post by: jefdiesel on August 25, 2014, 02:53:36 pm
Interesting but sounds like a lot of overhead for very small monthly sales.
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 25, 2014, 03:44:49 pm
Interesting but sounds like a lot of overhead for very small monthly sales.

It's a very boring business and our cashflow is small. I'm here to change that. I'm disappointed in our IPO. Not many shares were sold. But maybe I'll stick it out and see where we can go with this.

If we can raise enough to relocate and up our production capacity, I will try selling on J-list or amazon. Advertising, or partnering with related sites like Tae Kim's or Maggie's. Once we relocate I can double our production capacity just by buying a new printer. The issue right now is our space is so small it would not really work out hiring someone to run another printer. It's basically just me, or someone else running the laminator when I'm out doing other things.

The printer we use has an 8 card capacity (for cardstock). It's a great printer but it's a little old. I'm looking at a model which is about $200 and has a 30 card capacity. I'm drooling. A couple of those and an A3 laminator (because it can handle 3 cards at a time; A4 models can handle just two) would really kick us into high gear. I suspect that as our flashcard business grows we will also get more orders for textbooks as well. I am very excited at where this can go. We will see what happens.

My god. I'm just thinking what I could do with some real office space (2 or 3 rooms). Storage space! If we could do some bulk orders we could probably cut our cost per card by another few cents. Pre-printing sets and books. I already found a better source for precut lamination pockets but i'm concerned about their supply. Will they be able to order more once we buy them out. I'm telling you this because I want to share with you my hope and excitement for this company. We will see how it works out over time.
Title: Re: [ANN] Kongzi Print Shop
Post by: jefdiesel on August 25, 2014, 03:48:40 pm
See that is the kind of useful information. I'm interested in hearing more.
Title: Re: [ANN] Kongzi Print Shop
Post by: Ludom on August 25, 2014, 04:59:05 pm
+1
Title: Re: [ANN] Kongzi Print Shop
Post by: jefdiesel on August 26, 2014, 01:18:37 am
Interesting but sounds like a lot of overhead for very small monthly sales.

It's a very boring business and our cashflow is small. I'm here to change that. I'm disappointed in our IPO. Not many shares were sold. But maybe I'll stick it out and see where we can go with this.

If we can raise enough to relocate and up our production capacity, I will try selling on J-list or amazon. Advertising, or partnering with related sites like Tae Kim's or Maggie's. Once we relocate I can double our production capacity just by buying a new printer. The issue right now is our space is so small it would not really work out hiring someone to run another printer. It's basically just me, or someone else running the laminator when I'm out doing other things.

The printer we use has an 8 card capacity (for cardstock). It's a great printer but it's a little old. I'm looking at a model which is about $200 and has a 30 card capacity. I'm drooling. A couple of those and an A3 laminator (because it can handle 3 cards at a time; A4 models can handle just two) would really kick us into high gear. I suspect that as our flashcard business grows we will also get more orders for textbooks as well. I am very excited at where this can go. We will see what happens.

My god. I'm just thinking what I could do with some real office space (2 or 3 rooms). Storage space! If we could do some bulk orders we could probably cut our cost per card by another few cents. Pre-printing sets and books. I already found a better source for precut lamination pockets but i'm concerned about their supply. Will they be able to order more once we buy them out. I'm telling you this because I want to share with you my hope and excitement for this company. We will see how it works out over time.

how about 1 step at a time.

you want $200 for a new printer, lets talk. i'll buy some shares at a direct price. Maybe an A3 Laminator too.  You dont need 2 or 3 rooms now. Lets step this up notch by notch
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 26, 2014, 03:01:59 am
how about 1 step at a time.

you want $200 for a new printer, lets talk. i'll buy some shares at a direct price. Maybe an A3 Laminator too.  You dont need 2 or 3 rooms now. Lets step this up notch by notch

We have sold over 1,000 shares on coinsortium and will be buying a Laserjet P3015 printer with a 100 card tray. Perhaps I spoke too soon by saying I was disappointed in the IPO. We somehow sold twice as many shares yesterday as we did in the last two weeks! Was that you?

Have you seen our website (and our company presentation) or our coinsortium listing? This business is a lot like a bakery. The real value is in the design/IP. Once you have the IP, you run the cards off like a mill and the driver of profit becomes volume and nothing else. You might think raising quality and lowering production cost, but once you do that only volume remains. This listing is all about increasing our volume. As the volume rises we make more money in a linear fashion. I don't want to make any promises but it seems obvious to me that once we relocate, get the printers and laminators, we will be making twice what we are making now.

Since you said you like details, I'll ramble a bit about the printers and laminators.

I'd actually like to have five or six printers, esp. the P3015. You might wonder, why so many printers? First, the duty cycle. The P2035 has a recommended monthly page volume of 500 to 2500 pages. That means three sets of N5 per month. That is less than we produce now. We could push it higher, maybe to 5,000 per month, that would require four printers to cover a month's worth of orders. The 3015 has a higher duty cycle so we might just go with two P3015 vs. four or more 2035s. The next models up don't have higher capacity multipurpose trays so at that point the printers become a commodity. We can buy more as demand increases.

Laminating capacity works a little differently. They can't be turned on for a very long time, a couple of hours at most. And they should be used continuously if you're going to leave them on, to take away the heat from the rollers. The "HEAVY DUTY-SOUL 330S" is rated for 6 hrs. After that they need to be turned off to cool down. We could go with four laminators per employee; two in shift A, two in shift B. Each one would cost about $150. Again, not a huge expense.

The plan now is to increase the production capacity so that we can cover all the orders we get within a week. If we start getting overloaded I can tweak the production line by adding a new machine here or there, or running an extra shift for a larger order. The way I see it, if we can produce twice as much bread, we can sell twice as much bread. If I just bought another oven and tried to integrate it into what we're doing now, sure it would help, but there is a balance between printers, laminators, and employees. Two printers can supply one inserter, and one inserter can supply four laminators. So right now buying a single printer would help a little, since it's just me and one other person operating multiple machines. But that's not as efficient. The cost model tells us the primary cost is human labor by far. The machines and space are not expensive. So to keep costs down I would prefer to have a more efficient production line where everyone focuses on their own set of machines. It would even be better to have people in just two days of the week if we could up the number of cards we produced during those two days to be as efficient as possible.
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 27, 2014, 01:28:32 pm
The Economics of KPS

A few thoughts I've been going over recently.

KPS is unlike most other cryptocoin ventures. We don't churn, and we don't make NXT profits. We only get NXT when we buy it and we are always, continuously, buying NXT. Even if we just sit on the bid we put brakes on any price decline. In order to operate we must continuously buy NXT. This means that KPS is one of the few businesses that works to support the market cap of NXT over the long term. For us, it does not matter what the value of NXT is either, as we buy to support a distribution paid in another currency. So we will always have buy orders that need to be filled, at any price.

Most ventures, such as an exchange, a dice site, etc. operate entirely within the community and end up "churning" money from one place to another. For the service they provide they take a small fee which means that they do not add value to the coin itself but only tend to redistribute wealth from one place to another. KPS on the other hand, does not take NXT as payment. Therefore, people who hold the dividends they receive from KPS or reinvest them back into KPS guarantee the long term appreciation of NXT. The way I see it, KPS will act as an intermediary taking NXT from weak hands holders/traders and redistributing it to strong hands (asset holders). I think we may try to nail this as a secondary function by carefuly investing in highly liquid dividend paying assets, such as coinomat. Actually coinomat is the only one I have identified that might be worth an investment, but we need to move to our new location first before splurging on community investments.

I can see our weekly buy volume going over 5,000 NXT within a few months. I believe this will have a significant and positive long term effect on the market. I think we should look for and support brick and mortar businesses like KPS. I'm not just saying that because it's my business. There's a cafe too. I think that is a novel idea. If it has a positive cash flow and ends up having to continuously buy NXT to pay dividends this will be a very positive thing for the NXT community.
Title: Re: [ANN] Kongzi Print Shop
Post by: JamesList on August 27, 2014, 01:47:37 pm
I bought a few  :). Sounds really interesting, gl.
Title: Re: [ANN] Kongzi Print Shop
Post by: cobaltskky on August 27, 2014, 05:14:21 pm
I picked up five myself.  Maybe pick up some more as my dividends come in. :)
Title: Re: [ANN] Kongzi Print Shop
Post by: Sebastien256 on August 27, 2014, 05:39:58 pm
Bought some, let see if you can chim in steady dividends. I will buy more if everything go well and you can give a better comtability of your business. What is the ROI time period that you estimate?
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 28, 2014, 11:44:52 am
Bought some, let see if you can chim in steady dividends. I will buy more if everything go well and you can give a better comtability of your business. What is the ROI time period that you estimate?

I'm not sure what you mean by comtability. As for ROI, I have outlined several "phases". Until we get about 20,000 shares sold I'm only going to be buying one new printer, as a replacement to the one I have. There's no room for both of them but the new one is 12x more efficient (it has a 100 card multipurpose tray vs. an 8 card mp tray on my current printer). Once we get close to 20,000 shares sold I'll relocate and buy another printer and laminator. At that point we will start seeing increased payouts after 2-3 weeks.

Payouts are affected by a couple of factors, with the new printer it's possible that we may pay out a bit more, I'd like to see how it affects our workflow before making any guarantees. My payment policy is to provide consistent payouts. If I pay 0.171 one week, I am very likely to pay out 0.171 the next week too. I have to look ahead a couple of weeks and see if we are getting the same (or more or less) business as we did last month. If we start accumulating too much money I might increase it to 0.172 or 0.173, like that. If we are facing lean times, I will reduce it, but the goal is to avoid giving investors "payment shock". It's no good if the payments are suddenly too small (or too large), investors can't get a fix on how the company is doing.
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 28, 2014, 11:53:33 am
Notice to Investors

I'm having a little trouble with the IPO due to the (currently) falling exchange rate. I just had to cancel an order priced at 14 a couple of days ago and it looks like I will cancel the remaining shares up at 15 NXT. Right now I have 5,000 more priced at 16 and 5,000 priced at 17, but the actual exchange rate points to a value of 18.16 (bter nxt/btc 0.0000552). Does anyone have any idea if the price will stabilize soon? I hate wasting 1 nxt to list some shares and then another nxt to cancel the listing!

I will be putting up small lots of shares (5000 or less) until the exchange rate stabilizes. I may have to take down the lower priced orders. Please remember KPS is not denominated in NXT! As the rate falls KPS will be worth "more" NXT.

When the exchange rate stabilizes I will try to lock down our rate by holding our balance in NXT instead of BTC (which is how we operate currently). This should provide the best of both worlds to investors. Please help me to figure out where the bottom is!
Title: Re: [ANN] Kongzi Print Shop
Post by: whatnxt on August 28, 2014, 02:09:21 pm
I will be putting up small lots of shares (5000 or less) until the exchange rate stabilizes. I may have to take down the lower priced orders. Please remember KPS is not denominated in NXT! As the rate falls KPS will be worth "more" NXT.
Very true

When the exchange rate stabilizes I will try to lock down our rate by holding our balance in NXT instead of BTC (which is how we operate currently). This should provide the best of both worlds to investors. Please help me to figure out where the bottom is!

Unfortunately (or fortunately) markets do not work that way. Assuming this is a response to recent events, however, things should start to settle down in quickly, when those who want to leave have done so. As you have pointed out, else where, there are businesses actively buying NXT because they have too, so there will always be a buyer and so there will be a bottom to the market at some point.

The messages to take away are:

Buy while its cheap....

Setup a fund for changing the listings since this will be ongoing.

Sell the your assets as soon as possible:
You could do some promoting of the business in the forums, the information available here about your business is much better than when you originally listed on the AE. You could cross promote with other bricks and mortar businesses for example.

Start a topic entitled "KPS pays a dividend". Put a link to this topic in the first message (possibly reproduce the details here). Update the "KPS pays a dividend" topic a few days before you calculate the dividend and just after you pay a dividend. There are people actively looking for dividends in the Forum and this topic will get attention if its at the top of the list. Plus buying and immediately getting a dividend is always a good feeling, like getting a discount:)

Also push/donate funds for more promotion of the AE by the community. More users mean more investors looking for a dividend.
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on August 28, 2014, 03:53:13 pm
When the exchange rate stabilizes I will try to lock down our rate by holding our balance in NXT instead of BTC (which is how we operate currently). This should provide the best of both worlds to investors. Please help me to figure out where the bottom is!

Unfortunately (or fortunately) markets do not work that way. Assuming this is a response to recent events, however, things should start to settle down in quickly, when those who want to leave have done so. As you have pointed out, else where, there are businesses actively buying NXT because they have too, so there will always be a buyer and so there will be a bottom to the market at some point.

Yes, every time I try to think of some way to do something extraneous with the money I have this nagging feeling I should be buying paper, laminator sleeves, or some new machines. I was talking with the owner of a school today about doing perfect binding. I don't think I would need anything like a sterling digibinder, not with the volume we do, but then again once word gets out you can do perfect binding for less than 50 cents a book (magcloud and justperfectbinding.com both charge a dollar, for example) you will get orders. I'd probably start with a much cheaper machine though. Of course.

I've been looking at bulk order rates for things like index cards and laminator pouches. I'd need to order a room full of stuff, but it would take the cost per card down to almost nothing. It looks like the savings will more than compensate for the increased rent. That's very exciting for me! I'm going to be swimming in flashcards. I will be able to produce an order of magnitude more cards now, and they will all be an order of magnitude cheaper than before.

For example let's say we print 5,000 flashcards in a month, and we take our cost from 10 cents a card down to 5 cents. Our dividend jumps more than 60% just based on our current volume. Now that is exciting. I believe the cost per card will be a bit lower, especially since human labor won't factor into the cards as much with the new printer. Then, we will have increased volume (twice? three times?) -- we're also designing a new set for N4 which should sell well, especially to people who are happy with our N5 sets. The more IP get the more we should sell.. Once we get a few more sets done, we might even start exploring other languages. Once we have the sets designed they don't cost anything to be stored on a computer, and our product line increases...
Title: Re: [ANN] Kongzi Print Shop
Post by: cobaltskky on August 28, 2014, 07:30:29 pm
+1440 to everything WhatNXT said. :)
Title: Re: [ANN] Kongzi Print Shop
Post by: cobaltskky on August 28, 2014, 07:36:52 pm
Also, are you working on a website for this?  I'd love to invest more, but I need to feel more trust in the organization.  I hope you understand.
Title: Re: [ANN] Kongzi Print Shop
Post by: Kitchentable on August 29, 2014, 03:10:58 am
I made an account so I can ask questions on this asset. First off I like to say that I work on production printing machine along with print shops that produce into the millions of prints per week.

Those laserjets are machines you can buy at your local Staples. You're looking at 10k prints with a toner yield rate of 3% before needing to buy more toner. Once someone asks you to print out something with a toner yield rate reaching up to 40%, which is common for print shops, then the toner cart will not even come close to the 10k copies it is register for. These are also monochrome machines which will limit you on what customers will want printed out. A lot of places do not own a color printer, or they do not want to pay the money it cost to upkeep one. That is where the money is at. Most places already have black only printers and it's normally done by machines you plan (have purchased?) on buying.

What machine are you using to do perfect binding? None of those laserjets are capable of doing that since they are just desktop office machines. Also none of those machine can print in booklet mode since they do not accept 11x17 paper. Are you making statement size books only when a customer doesn't want perfect binding? I do find it strange you have a perfect binder before even having a full production machine. It's almost wasteful to have one when your production will be low compared to other print shops. One job can take days and a lot of places are not going to wait for their turn when that football program has to be out this weekend. I'd go for production first then flare second. Save the ability to print on doors last.

In my honest opinion, find a company that is willing to lease a high yield color office machine, or even a pre-production machine, along with a service contract that covers maintenance and toner. Canon is a nice start. This can be done for the price of those laserjets which will increase your production and give you more options like doing full bleed 12x18 glossy cardstock printing. Buying printing machines straight out might sound nice but it's not the 80's anymore. The tech constantly changes to produce cheaper prints and keep up with software. Just check out the Trident that was design by OCE. It will produce 100s of sheets per minute for a fraction of the cost of the production machines today. Leasing allows you change out the machine every 3 to 5 years which is nice when you see the amount of wear a machine can receive when it reaches into the millions of copies and good luck finding anyone willing to fix it for less than the machine is worth. It's not the cost of the machine that kill print shops... it's the cost of keeping it running.
Title: Kongzi Print Shop pays a dividend
Post by: printshop on August 29, 2014, 06:59:36 am
I made an account so I can ask questions on this asset. First off I like to say that I work on production printing machine along with print shops that produce into the millions of prints per week.

Thank you for your advice. We don't own a perfect binding machine. However, since we have such good contact with several local schools, it might be a good idea to pick up a cheap binding machine ($200? $300?) and at least start doing "communication books" (parent-teacher communication books) and things like that. At least, to judge the market and what we can make doing it.

The big issue with the laserjets is that they can hold 100 index cards in their multipurpose tray. The RICOH and other printers/copiers (even the bigger machines) simply can't handle material that small. And once you start cutting paper, you need more machines and more human labor. It may be cost effective to simply order more 3015-grade printers than go for something larger. Then again, if we wanted to do any serious A4 printing and cutting you're right, we can get a better machine. There is actually a local bindery who will lease or sell us some of their RICOH machines, but it's not something we really need right now. That is also how we do cutting and perfect binding, we outsource it to the bindery. My plan is, to use the laserjets for now since they cover our requirements, and if things kick up even further we can look at some of the bigger machines. Our cost savings right now will have more to do with ordering stock in bulk for 50%-80% off than reducing cost per copy.

But since you mentioned it I might pick up a color machine. Actually, color flashcards are something I'd like to explore.

Now that you have mentioned the details of production capacity and cost per print I think I might be able to take over the local print shop. They have mainly RICOH machines and they are quite old.
Title: Kongzi Print Shop pays a dividend
Post by: printshop on August 29, 2014, 07:59:37 am
+1440 to everything WhatNXT said. :)

I sent him 100 shares for his good ideas. I would never have thought to promote my company that way. When I mentioned "advertising" I meant advertising of our products.

Also, are you working on a website for this?  I'd love to invest more, but I need to feel more trust in the organization.  I hope you understand.

I've updated the OP to contain more links to our webpage. There is a link at the top, and our webpage is included in the "Promoter" section as well as referenced again at the bottom of the page now. Thanks.

There are a couple of blog post ideas I'm working on. I have some photos of books and what-not that we've done that aren't posted up yet. I'll try to get them up this weekend, but it's a conscious effort to log into wordpress with all the stuff flying around here.

I guess I understand that there are trust issues in the community. All I can really do is post pictures and place some supporting buy orders. But I will say this (businessman hat on, now!) the best way to know we are for real is to order one of our products. I could ship you a sample, say 100 cards, for free. The deal with "free" is you would post that you received the cards, comment on their quality and design, etc. Not an endorsement of the company, but just so people can see we actually do have a product to sell.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on August 29, 2014, 10:45:57 am
Thanks for updating the OP!  I wouldn't mind at all posting about your product.  Are you talking business cards or something else?
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on August 29, 2014, 12:37:28 pm
Thanks for updating the OP!  I wouldn't mind at all posting about your product.  Are you talking business cards or something else?

I was thinking of some random flashcards we have, but we can do business cards too. If you have a design you can post it to me here in PM or at printshop@kongzi.ca.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Kitchentable on August 29, 2014, 01:21:01 pm
That makes sense now. I was confused into thinking you were doing perfect binding in house which can be costly. You are doing the right thing and out sourcing until it becomes less cost effective to do so. I have a print shop that does the very same setup and it does well for them.

Color is a huge selling point. I have a shop that is able to print color index cards with a machine no bigger than those laserjets and for the same cost at a much faster rate. I haven't looked at the machine much so I'll probably go by and ask them about it.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on August 29, 2014, 01:55:43 pm
No design, but random flashcards works. Will they be in mandarin? :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on August 29, 2014, 02:03:06 pm
No design, but random flashcards works. Will they be in mandarin? :)

I'll send you a PM about it.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 01, 2014, 04:47:22 am
No design, but random flashcards works. Will they be in mandarin? :)

I'm happy to report that your set is done now, and I will be going out to ship it to you right now.

I took the opportunity to custom design the set for you and I'm going to use it as the base for a new Chinese to English series I'm working on. During the design of this set I faced several nightmare-class layout problems, one of which will become the subject of my next blog post.

I eagerly await your review and hope you won't be too hard on us!
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 01, 2014, 07:40:23 am
No design, but random flashcards works. Will they be in mandarin? :)

I'm happy to report that your set is done now, and I will be going out to ship it to you right now.

I took the opportunity to custom design the set for you and I'm going to use it as the base for a new Chinese to English series I'm working on. During the design of this set I faced several nightmare-class layout problems, one of which will become the subject of my next blog post.

I eagerly await your review and hope you won't be too hard on us!

I will certainly be fair! :)
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on September 03, 2014, 03:45:37 am
Oh dear. Although I have settled on the HP m651dn they are simply not available here. It will take four weeks to import. And the import charge is what you might call exorbitant. However, I have just about enough funds to order one now. Before I pull the trigger, I've asked my HP dealer to give me a list of what I can get right now. In all possibility I can pick up last year's model for a cheaper price (and it will be just as good). While I wait I thought I'd ask you guys for some short advice on printers.

I am interested in people's experience with high-end printers -- particularly Epson , which I have been hearing good things about. Kitchentable in particular, if you've heard anything, that would help me. I'm looking at the AL-C500dn or the Epson Workforce (ink) models since I've heard they have a lower cpp than laser. The key factors here are duplex printing on 3x5s and the size of the multipurpose tray. In that capacity the AL-C500dn has the Workforce printers beat. I've calculated the cost per page to be close to 1 cent for both the WorkForce and the AL series. The HP printers are a little cheaper, esp. the 806 (but that printer is only monochrome).

Thanks for any advice. I am dying to see how fast the new printer is going to be. I have dreams about this. Putting a whole stack of index cards into the MPT and having them print on both sides in just two or three minutes. For Sebastian123, I can tell you that once we get the new printer, I'll be able to cover demand a bit more and we will move from about 4,000 index cards a month to about 7,000. I can also tell you that a fast duplex printer with a large card tray has the potential of lowering our cost per card by 2 to 3 cents. This is a linerar business, our gross sales are based entirely on how much we sell. The printers I am looking at have a maximum monthly capacity of over 20,000 flashcards so I am not worried about expansion. I'm liking this a lot more than an array of cheaper 1102s. I think once we can print more we will get more jobs.
Title: Re: [ANN] Kongzi Print Shop
Post by: printshop on September 04, 2014, 06:38:12 pm
Quick update Re: HP m651dn vs Epson Workforce

Great news all around guys. We've sold enough shares to buy the printer and relocate. The relocation will be a little tight but I am banking on us selling a few more shares between now and then. I am setting a target for occupation of the new space October First.

Ok! So the PRINTER! The printer, the printer! hahaha, yes, the printer! The HP m551dn, which I can get for less than half the cost of the 651dn. And, it's in stock! The RMPV is a little lower but this will not impact us for quite some time. The cpp is a little higher but if I buy toner from Xerox (nice move selling HP toner, Xerox) I can cut cpp down to around the level of the new Epson workforce printers.

The new kid on the block though is definitely the Epson Workforce with the new precisioncore technology. These printers are unbelievably cheap and have a LOW cost per page, but the input tray mechanism makes me upset. Going with the workforce would save us a fraction of a cent per card. But they have only an 80 card MPT which means I'd have to keep eyes on the the machine. I may pick one up as a backup printer though. They have wireless too. Which I like. Actually the high end OfficeJets have the same cpp as the new workforce printers. I'd go with the OfficeJets but they only have a 50 card MPT. So the m551 looks like a clear winner here.

This is exciting. I'm going to go pick one up tomorrow morning if I can. They're in stock.

When I walk into that store, I am going to be listening to the theme from Rocky on my mpsan.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 05, 2014, 10:59:07 am
I'll buy a little more stock to help with the relocation. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 05, 2014, 01:30:29 pm
I'll buy a little more stock to help with the relocation. :)

Thanks. Company news is getting a little fragmented since I made a post with company updates on bitcointalk. When the printer arrives tomorrow I'll take some pictures and post a complete update on the blog. The post will also be linked in Monday's dividend announcement.

I just checked the tracking number I gave you and it looks like they are being lazy at the post office. This has happened before but it's unusual. I'll go there tomorrow and remind them to send it. If you need I can give you a scan of the receipt with the tracking number on it dated Sept. 1st. Sorry about the delay :/
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 05, 2014, 01:46:33 pm
It's no worries, my friend. :)  I do appreciate your diligence and motivation in this regard!

Can't wait to see the pics. :)  Do you have pics up of your current space and future space?
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 06, 2014, 05:05:56 am
It's no worries, my friend. :)  I do appreciate your diligence and motivation in this regard!

Can't wait to see the pics. :)  Do you have pics up of your current space and future space?

Pictures coming soon.



  • We will be able to immediately increase our volume by 3,000 cards per month.

Do you have demand to sell that many more cards each month?

I would say yes. For 100 students, one card per per day is 3,000 cards per month. The school I work for in the evenings has 120 students, and I've been showing the cards to the boss. She agrees that it's a good idea. She is getting behind me on this a little too, and has offered me some free storage space (see below) as part of the payment for the cards. That works! I also work closely with a K/Pre-K school which could bump us up another few thousand cards. Thirdly to this, occasionally work comes around from other schools in the form of a book order or flashcards for something else. This is how we make money now. I am trying to sell this idea to a couple of major chain schools. If we could produce flashcards for a major chain school, things will go boom very fast. This is one possible endgame for what we're doing right now.

But the more design IP we have the more sets we will sell. For example, consider the new JLPT set I am working on. More than half a million people took the JLPT in China and Japan last year. This is in a society where freaked out students under extreme social pressure have killed themselves because they failed their college entrance exams. I'm being serious now, it's true. The point is, language, learning, is valuable here. In fact it's more than that. If my JLPT business is any worse than my current English business I'll eat my hat. What's more, we own the market. The JLPT exam was changed in 2010 and they purposefully did not publish a curriculum. There's no modern Japanese textbook in English which is targeted for the modern N5 except the one we have. (A "good" japanese textbook isn't good enough if it teaches some words which aren't on the JLPT and misses some which are). We can translate this book into Chinese, too. There are no JLPT N5/English flashcards. There are no JLPT N5/Chinese flashcards. There are no N5 readers. But we have designed a N5 reader which is accessible to people with just 15% of the N5 vocabulary. In short if we act on this we can own that end of the market internationally. I feel that is very big.

What happens when we start putting this stuff up on amazon, tw.mall.yahoo.com, pchome.com.tw? Kmall360.com, suning.com? 51buy.com? dangdang.com? Amazon China? jd.com (listed on nasdaq, it's huge), or tmall (run by alibaba) not to mention alibaba itself? As you can see I am gearing up for this. Now that we have the printer I can think about putting together something for a couple of these sites.

whatnxt suggested that I start selling business cards to community members but honestly, it's not going to do anything for our business. I can't see us actually taking more than a handful of orders, and as you can see I will be quite busy maintaining orders on the top online shopping sites. I think instead I'll just give away business cards at cost to community members. That would be a better idea. Good publicity.


What we have:
1. Printer (Just arrived -- pictures coming soon)
2. Office Space (We have been given two FREE 4m x 7m rooms on the top floor of a school, which are currently unused!!!!! <---- This is something of a game changer. I'm still considering if we should even bother with an office. See below) Oh, and I'll be sure to snap some pictures of this space this afternoon.

What we need:
1. Office Furniture (3000 shares, low priority, only if we get an office)
2. $3000 worth of laminating pouches (http://www.alibaba.com/product-detail/A4-laminating-pockets-250micron_731716804.html) ~6,000 shares
3. a million index cards (http://www.alibaba.com/product-detail/wholesale-white-paper-plain-index-card_1234903204.html) ~5,000 shares
4. Advertising budget (probably a couple thousand shares, not sure).

Now that we have the printer we're focused on moving into the new office. My target for occupancy is october first. ***Edit: I just talked to the boss of a school I work for which has just opened a new branch. They have 4 floors, the top floor is currently unused and has two large rooms and a bathroom (and a patio). I've been granted access for whatever. This would be a PERFECT storage space for the bulk orders mentioned above, with the only real downside being how to get several tons of paper and plastic up there, and then back down again. But it certainly has money saving potential. I will explore how much we need to spend on an office vs. an office and storage space. But it may just be better in the long run to get the storage space and office together.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 06, 2014, 11:48:43 am
This is all very exciting news!  Thank you so much for sharing your vision. :) It makes me more confident in investing. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: whatnxt on September 06, 2014, 07:37:38 pm
The JPLT sounds like a great opportunity to me.
Keep us informed on your progress and what you need to make it happen?
Title: Re: Kongzi Print Shop pays a dividend
Post by: Kitchentable on September 07, 2014, 06:59:34 pm
With the amount of volume you plan on doing please tell me you have more than a desktop HP laserjet printer. The recent HP printer you've announced is only specced at 33 pages per minute and if you intend to run index cards through it then expect that number to drop to around 10 or less. For people that don't know, it takes a lot more heat to fuse toner onto cardstock which increases cost because more heat takes more power and the air conditioner must run longer to cool the environment. Each time paper passes through a fuser it takes heat with it so the fuser must have constant heat added or you get ghost images after the first sheet is printed. Cardstock takes a lot of heat from the fuser so the machine slows the paper pass down to compensate for the large heat loss. As for the cooling the work environment you can live in a cold climate area but keeping the window open causes moisture to build up on the paper and inside of the machine. If that happens then you get blotchy prints along with constant paper jams. There are machines I work on that have heaters installed into the paper trays to combat against moisture but those HP laserjets were not built for that option.

Another question is what software are you using to print with? Photoshop is a given but even it is valued at over 500 dollars or more. You'll need some program that can convert RBG to CMYK to produce the quality of color the customer is expecting, unless you plan to stay with B&W only. Seeing how the HP printer doesn't have an option for a spectrophotometer I'm guessing you will try to eyeball it. My advice on when you want perfect color matching is to go with a Fiery print controller. They can be pricey but you'll never get a complaint about the reds not being red enough.

Do you create the files to be printed or is the customer creating them? If the customer creates the file then I don't see why they would continue to use your printer once they find out they could just as well buy it themselves. Business are not stupid and if they think printing in-house is cheaper then that is what they will do. Print shops are not the only business I visit with large volume machines. People come to print shops for professional prints and because they lack the equipment to print what they need in a timely manner.

Here is one more thing about flashcards I'm skeptical on and that is tablets. Schools are adopting tablets at insanely fast rate. Some schools have completely forgone the textbook in light of having a cheap android tablet. Sure tablets can get lost or broken, but I have schools that decided the cost isn't much different than buying a lost or damage textbook. The tablet also teaches the student on the adoption of technology for skill building. Even now office copiers use tablets as a screen when selecting a function. They even have apps and a web browser to surf the internet on.

The thing is to convince me that your print shop is headed in the right direction and I'll buy into the asset. I've been doing professional print setups for over 10 years and I know what it takes to succeed in this business. Unless you know people or have connections with businesses then I'm not seeing a need to invest just yet. I really am trying to not kick over your sand castle. I just see flaws and have questions.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 07, 2014, 09:37:58 pm
I've been doing professional print setups for over 10 years and I know what it takes to succeed in this business. Unless you know people or have connections with businesses then I'm not seeing a need to invest just yet. I really am trying to not kick over your sand castle. I just see flaws and have questions.

Thanks for your questions. TO be honest, compared to your level of experience, I don't know what I am doing. However i'd like to touch on what you've said and explain to you what my plan is right now. Of course, I'm always open to good advice.

First off it seems that many of your concerns revolve around us operating as a general-purpose print shop. I think that isn't quite accurate. I am mainly concerned with producing for the schools I already produce for, and expanding from there into the production of our own educational materials. I would like to pick up additional business from local schools, but there's no "large" profit potential in that. maybe another couple of hundred dollars a month with the odd pop from a textbook job. The plan now is to branch out into "mass" producing our own stuff.

For this reason, stepping up from the LaserJet 1020 and OfficeJet 4620 models we have now into an Enterprise-class printer is a big win for us. Our future expansion plans (wrt machinery) are for an 806dn given that 90% of what we will do is going to be monochrome. Otherwise I would get a 651dn next, and then possibly look at other classes of printers. I hope this answers your first question.

For software, I use Microsoft word. Having written books using LaTeX and LibreOffice, I can tell you that Microsoft Word is better suited to general layout and (especially) handling the layout of Asian Text.

We have had a full subscription to Adobe Creative Suite. What you said about Photoshop is interesting. Pixel control vs. (font) point control might be useful to me, but I can't see any other clear benefits. For example, I am not overly concerned with perfect color matching (i.e. no spectrophotometer). The DesignJet series includes a spectrophotometer, but again we are going with LaserJet to expand what we're already focused on. Branching out into advertising copy is not really what I want KPS to be about. That being said, the m551dn is an ImageREt 3600 class printer ("Professional Quality" according to HP). You can read more about it's color capabilities in this ImageREt pdf. (http://www.icareasc.com/ICareKM/University/TrainingMaterial/The%20German%20Laserweb/general/color_info/ImgeREt3600.pdf) Many of the technical terms are beyond me but it is in fact capable of several different color modes including two different CMYK modes, and including professional press ink modes such as "SWOP, Euroscale, and DIC" (Disclaimer: I don't know what that means, but apparently my printer can handle it). Reading through that pdf I linked seems to address many of the concerns you've raised about the printer in your second question. But for what we plan to do with the printer I am am very happy with the color and image quality.

3. Do you create the files to be printed or is the customer creating them? If the customer creates the file then I don't see why they would continue to use your printer once they find out they could just as well buy it themselves. Business are not stupid and if they think printing in-house is cheaper then that is what they will do. Print shops are not the only business I visit with large volume machines. People come to print shops for professional prints and because they lack the equipment to print what they need in a timely manner.

Both (we create and they create). Based on what the schools are telling me, I can undercut the local print shop by 40% and still make money. Part of the reason for this is that the m551dn can handle small paper sizes like 2x3 and 3x5 that the larger Ricoh models cannot handle. Sharp is the other major seller around here, everyone and their brother has a Sharp photocopier, and they can't do it either. So in terms of index cards, I have the right setup or close to it. For our other major source of income (doing textbooks for independent schools) I'll give you an example. One customer came to me with a 110 page book. It was going to cost them $30 per book for 100 books at the local shop. It was so expensive they decided to print the last 1/3rd of the book in black and white greyscale, to cut the cost down to $23 per book. I could do the whole thing in color for perhaps $15 (two full sets of toner cartriges and paper cost). All my other research seems to confirm I can sell at around half the cost of the local print shop and still make money. I'm not sure if it's their margins or if they don't order paper in bulk or what, but I am happy with our costing right now.

Edit: We also just spoke to another school who buys the Oxford Reading Tree series. The workbooks are $2.99. They charge the students cost for the workbooks. I can reproduce the same workbook in the same staple-bound format for just under half of what they pay. The catch? The ORT series is copyrighted so they need their own material. Great, I have an artist working on images for their new textbook right now. I'll link you some of the images in a moment (I will post them below). So you see, not only will we make ~25% profit every time they come to us for a reprint, the customer saves ~30% and they're happy going with us. Plus they get a book suited exactly to their school which is better for them anyway.

Assuming the design is incidental (we treat in-house design as incidental if we expect a lot of repeat orders) If they wanted to do this in-house, they would need the setup I have. It is possible but unlikely for an independant school to do this. If a school needed ~1,000 books a year and saved a dollar a book, it would take more than 3 years to justify the cost of the printer, toner, paper, and so forth.

4. Here is one more thing about flashcards I'm skeptical on and that is tablets. Schools are adopting tablets at insanely fast rate. Some schools have completely forgone the textbook in light of having a cheap android tablet. Sure tablets can get lost or broken, but I have schools that decided the cost isn't much different than buying a lost or damage textbook. The tablet also teaches the student on the adoption of technology for skill building. Even now office copiers use tablets as a screen when selecting a function. They even have apps and a web browser to surf the internet on.

What's worse, there are apps like AnkiDroid (or Anki for iPad) which also run on your desktop which are SRS flashcard programs. They're also more advanced than simple flashcards. I have used these programs myself and they're great. The problem with them is that you have to have your device with you (which can be a problem sometimes), you have to log in, and (the big one) you have to design the sets yourself. I'm aware of several existing sets but I could never find one which suited my needs. For some people, inputting the amount of data it takes to beat simple flashcards is daunting.

The main problem I see with tablets is the kids. As a teacher myself, I can tell you that tablets will never work in a classroom in Asia, not for a hundred and fifty years. Kids' attention span is already horrendously bad. It's the effect of western and modern sponegbob culture (no offense, I love the show, but facts are facts). Parents are generally horrified. Many parents believe that if you let your child use a tablet it will ruin their eyes and scramble their brains. I know from experience that a simple set of flashcards is often simply much more useful than a tablet app. Many will disagree and I'm not saying programs like Anki aren't useful. They are.

The flashcards fit a niche. I am learning Japanese and Chinese myself and compared to Anki on a tablet, I prefer the cards. They give you something to touch and hold onto and there is something special about that. I feel those cards have helped me in ways Anki couldn't.

I've been doing professional print setups for over 10 years and I know what it takes to succeed in this business. Unless you know people or have connections with businesses then I'm not seeing a need to invest just yet. I really am trying to not kick over your sand castle. I just see flaws and have questions.

I like how you've made me think about the printing business.

I think that we are good to go for now, we have stepped up our production capacity, our image quality, and added color. There should be plenty of organic profit growth in the future to allow us to expand with things like a DesignJet printer or a proper perfect binding machine. Right now I am looking at desktop perfect binders under $1,000. We just have a new textbook order and I've decided we're going to bind it ourselves this time. But that is a subject for another post.

For now our problems of print capacity and office space have been solved or will be solved with our current investments. Future investments will be placed into bulk orders and a desktop perfect binder.

So I was discussing bulk orders with my wife and she dropped the bomb that there is a paper mill on the outskirts of town. I can't believe it. We are going to be able to get margin on A4 paper, too. Preliminary cost estimates tell me I can get 80gsm for +50% off retail. I will need to order several tons (maybe 1000 packs or 500,000 sheets). I am sure it will fit in the new office space, but I'll cram it into my living room if I have to. I never would have believed I could get so excited about plain white sheets of paper.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 09, 2014, 01:30:27 am
Edit: We also just spoke to another school who buys the Oxford Reading Tree series. The workbooks are $2.99. They charge the students cost for the workbooks. I can reproduce the same workbook in the same staple-bound format for just under half of what they pay. The catch? The ORT series is copyrighted so they need their own material. Great, I have an artist working on images for their new textbook right now. I'll link you some of the images in a moment (I will post them below). So you see, not only will we make ~25% profit every time they come to us for a reprint, the customer saves ~30% and they're happy going with us. Plus they get a book suited exactly to their school which is better for them anyway.

I'm sorry there's no formal announcement, it's kind of a blasé day today even with (because?) of the textbook news.

Here is one of the images our artist is working on, these are hand-drawn and then colorized. This will be for an alphabet book and a companion phonics book we are designing. In total there will be about 120 pages/60 sheets between three books (alphabet, phonics, and workbook).

(http://kongzi.ca/images/1.jpg) (http://kongzi.ca/images/1.jpg)

From the "MNOPQ" art.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Kitchentable on September 09, 2014, 04:10:04 am
Most of the print shops near you are using Sharp machines? That explains how you are able to produce cheaper prints than them. I've worked on many of Sharp models and they are about all the same when it comes cost of maintaining them. Sharp has the idea that they will cut cost on the machine by off loading the maintenance onto the service personnel in the form of rebuilding PM units which can take hours. High priced model machines are built in a way where you throw away PM units and install a new ones in only a few minutes. It's probably costing them so much money that there is no way they can compete with you on price. Just for reference, none of my high volume customers use Sharp and the ones that tried gave up in a year.

As for the Ricohs... I don't have much knowledge on them. I just don't have anyone that actually uses that model so I don't have an opinion on them.

It seems like your competition is lacking and that places you in a good position. With enough knowledge you could completely take over your surrounding market. I kind of like where that is going. I'm so used to the market I'm in that I didn't even think about who you could be up against. That means your largest concern right now is yourself. At some point those machines will need to be fixed. Every time paper passes through that machine it places wear on the clutches, bushing, and motors. The vibration from the motors is what causes a machine to have problems. High end machines will place rubber between the motor and the frame to absorb the vibration but even then the yield rate is into the millions before maintenance becomes too costly for upkeep. That is what kills a print shop. A down machine isn't making any money which also means you miss deadlines. It was why I mentioned in my first post about leasing a machine with a service contract. It can be replaced after three years and they furnish the toner along with fixing it when it's down.

We'll have to agree to disagree on tablets. I have elementary schools that use them fine for education but I guess it's just the area I live in.

As for that pdf. I understood every subject in it and it comes down to big words to explain small yield color machine. There is only so much you can do in such a small box. For better image quality you'll need more lasers which means you need a bigger box.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 09, 2014, 06:08:31 am
It seems like your competition is lacking and that places you in a good position. With enough knowledge you could completely take over your surrounding market. I kind of like where that is going. I'm so used to the market I'm in that I didn't even think about who you could be up against. That means your largest concern right now is yourself. At some point those machines will need to be fixed. Every time paper passes through that machine it places wear on the clutches, bushing, and motors. The vibration from the motors is what causes a machine to have problems. High end machines will place rubber between the motor and the frame to absorb the vibration but even then the yield rate is into the millions before maintenance becomes too costly for upkeep. That is what kills a print shop. A down machine isn't making any money which also means you miss deadlines. It was why I mentioned in my first post about leasing a machine with a service contract. It can be replaced after three years and they furnish the toner along with fixing it when it's down.

Then you're really going to like this next bit. The lady at the shop said that my printer would ship with placeholder cartriges that would only do 100 pages. But the documents I have from HP state that these machines ship with full original toner cartridges. In short, because of import costs, I have to pay just under $1,000 for one of these printers. But the cost of a full set of high yield toner cartridges is just under $900.

Yes, you heard me, I might as well buy a new printer when the toner runs out, in terms of realized value.

I still don't understand this situation fully myself, I've done about 300 pages black and 50 color so far and the toner indicators still read full.

It sounds a bit crazy but what I think HP does is dump their old model printers in asia. The phillipines and singapore, for example, have models from a few years ago (like the 3015dn). We have the 551, and the USA has the 651. So I am not sure HP really cares about turning a profit here as much as they do dumping their merchandise. This could end up working in my favor extremely well, since no one around here really knows or cares about HP. I had to search pretty hard to get this printer, actually. The first two dealers I called told me they didn't have any in stock. This lady I deal with now can get me a couple more printers if I need (I don't need, but, for the cost of toner, my god...)

We'll have to agree to disagree on tablets. I have elementary schools that use them fine for education but I guess it's just the area I live in.

As for that pdf. I understood every subject in it and it comes down to big words to explain small yield color machine. There is only so much you can do in such a small box. For better image quality you'll need more lasers which means you need a bigger box.

I think you're right about tablets, I just don't think they will work out over here very well. Parents are already complaining that their schools are a bit too expensive and some non-essential classes are already being cut. Schooling here is extremely competitive here because of the demographics, the population is shrinking and we're right in the middle of a cycle. Some schools are being forced to close.

One other thing.

I have decided to do perfect binding by hand. The "perfect binding" machines I looked are all of rather poor quality which try to hook you into buying their thermal covers. I would rather get something a bit more upscale, but I don't really need it. Which got me thinking. I have researched and am now able to do perfect binding by hand. I've ordered the materials to construct my own book press and will experiment with the first bindings next week. If all goes well, I will be able to bind books by hand for less than 5 to 10 cents per book. The process appears to be limited by space and machinery, because it's a manual process. If I had a complete set up I would feel confident binding 60 to 100 books per hour. In reality I will be able to do 5 to 10 for a start. however, that is more than enough to warrant doing this.

Second to this I've heard of and researched Japanese traditional binding techniques. I think this would be an interesting alternative for our Japanese textbook. I think customers would appreciate it and it would make our book unique.

Third and finally, I believe I mentioned the ORT series (Oxford Reading Tree). They have small, colorful readers which are perfect for ESL kids. They are staple bound, and I am getting interest in producing books of that ilk as well. So I went ahead and got a long reach stapler. I think I'll need a cutting machine to keep the edges flat, but I can worry about that later.

I have a feeling things are going to be busy this week. The bottleneck now is going to be design. I have a lot of work to do!
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 10, 2014, 06:50:16 am
Important news!

We have sourced a laminator pocket supplier which allows us to buy packs of laminator pockets for 46.2% cheaper per pocket than retail with very low minimum order quantities (200 packs of 200). Additionally, a preliminary cost estimate of our new printer (the HP m551dn) tells us that our new printer has a cpp 40% lower than our previous printer.

As a result of these two developments, our cost has dropped from 10.0 cents to 7.8 cents per card. This will allow us to lower our price while also making more money (and therefore paying a higher dividend).

(http://i.imgur.com/WyYIMjO.jpg) (http://i.imgur.com/WyYIMjO)

We have also made contact with two different paper mills and our preliminary cost estimate tells us that the savings for a MOQ order will be at least 1 cent per card. However, MOQ on paper is huge. We have located a storage space capable of holding a 20 foot container for just $200 a month. More updates as they become available.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 10, 2014, 04:06:26 pm
You are doing great work, buddy! :D  I can tell that you're deeply committed and passionate about your business. :)  Makes me want to invest more...
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 12, 2014, 08:37:39 am
Edit: I originally outlined a plan to try and combat the exchange rate. Perhaps I'm overthinking this and picking a battle I can't win.

I guess you can tell I don't have a lot of experience doing this. I tried giving whatnxt's publicity plan a try, it seems to work but it is very time intensive. I need to spend some time working on a new book we've been given. Hopefully by next week the NXT price will stabilize.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 12, 2014, 09:32:42 pm
It turns out the lamination packs are 60 cents cheaper than I was told. I'm not sure what happened between two days ago and today, but we're getting the packs for almost 60% off retail now. They should be here today.

Not everything is good news however. The index card supplier is having problems with their 160gsm cards. I might be able to work with 140gsm cards, but at 140gsm it isn't really card anymore IMO. I'm worried about bleed-through. I've asked them to send me a sample but it looks like it's back to the drawing board on index card suppliers. Will advise.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 13, 2014, 06:35:03 am
blog post: lamination film sourced (http://kongzi.ca/wordpress/2014/09/lamination-film-sourced/)

(http://kongzi.ca/wordpress/wp-content/uploads/2014/09/laminate-1.jpg) (http://kongzi.ca/wordpress/2014/09/lamination-film-sourced/)

blog post: lamination film sourced (http://kongzi.ca/wordpress/2014/09/lamination-film-sourced/)

Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 13, 2014, 06:35:32 am
oops, I accidentally posted the same message twice. please delete this post.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 14, 2014, 12:42:54 pm
Hi all!  I received my flash cards from Kongzi and wrote up a review for printshop.  He's posted it here:

http://kongzi.ca/wordpress/2014/09/chinese-flashcards-review-by-cobaltskky/

There will also be a link to the original PDF shortly. :)

Summary:

KPS delivers a quality product with heart.  These cards are well-suited for students on the go.  They are durable and utilitarian.  The man behind KPS has a strong motivation to make his business succeed.  I look forward to seeing how KPS grows over the next year, and, more immediately, reading the next motivating forum post made by printshop.
Title: Re: Kongzi Print Shop pays a dividend
Post by: polylux on September 14, 2014, 06:38:35 pm
Great, thanks for the review!
Just bought in.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 15, 2014, 02:06:12 am
I think I need help guys. I'm in a lot of trouble.

Word is out that I have this printer and cheap paper is on the way and I made the mistake of showing a couple of schools the new books I have done which are just simple 8-10 page staple bound books.. The demand for a little book like that with a cheap cover seems to have exploded.. There is almost an unlimited demand for books like this. I don't mean in quantity though. I mean in breadth. I have so much design work to do it's not funny. But the design will snowball and the more little books I make the more money we will make long term. Schools want little readers. I have standardized around an 8-sheet (32 page) design to help standardize costs, but may go as high as 10 or 11 sheets depending on a number of factors.

I still need to finish the Japanese flashcard series. This is going to kill me. If I do 10 cards a day it will take me 3 more months just to finish that. Maybe I should bite down and do 30, 40, or more cards a day, it will be nervegrinding but maybe I can do it.

I am looking into a black hole of work for the next 12 months. And I can't even start most of it until I finish my story mulcher. I've decided to write it in java and screw the web interface. I just don't have the time to fiddle with dreamweaver and php. No, no, I need to calm down. I can do it on the web. It would be better that way. I've been thinking about this for a while. If I design in Java I might have issues with copy protection. If I design on the web I can have a use-based model and it will be easier to sell later on. That thought was three years ago. Now I know I can centralize the data on a server and have people type a login and password to access data remotely.

I guess I'm writing this partly to organize my thoughts. I need the mulcher to grade stories so I know where the fit, i.e. grade level.

If only I could hire someone to do robotic cut and paste work for me! I bet with minor training, someone could learn to insert data into flashcards, and I could go back and edit the cards later and add sentence patterns! I wonder if there's anyone out there that wants to earn some real money (in NXT) and doesn't mind working at their own pace? You wouldn't need to know Japanese, but you would need to follow the instructions exactly!

(http://rs1img.memecdn.com/business-cat-talks-business_o_234919.jpg) (http://www.memecenter.com/fun/234919/business-cat-talks-business)
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 15, 2014, 02:14:50 am
lol  I'd categorize your problem under the heading of "good kind." lol  It sounds like you need an intern. lol  I'll post your delimma around to some of my friends who are looking to get into Nxt - this might be a good way for them to earn some. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: frmelin on September 15, 2014, 10:48:14 am
Did you try platforms like fiverr (www.fiverr.com)?
Perhaps you could find what you're looking for over there (only in $ though).
Title: Re: Kongzi Print Shop pays a dividend
Post by: JamesList on September 15, 2014, 09:31:49 pm
Wow, a lot of work. Could you tell us how you calculate the dividend? thank you very much. Keep up the good work.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 15, 2014, 11:23:58 pm
Wow, a lot of work. Could you tell us how you calculate the dividend? thank you very much. Keep up the good work.

It all begins with APFill.

We use this software to calculate an exact CMYK ink coverage on a per-page basis. We then add the numbers to our spreadsheet-o-matic, which has formuas for comparing our job's average percentages with ISO standard page coverage (5%) with the cost of our printer ink, which is for example $100 for 5,500 pages (1.8 cents/page black), $x/yield Cyan, etc. It also has a range of paper types and binding methods. This gives us an excellent idea of what our material and labor costs will be to produce said materials. We don't include lead time since we are set up as an on-demand shop (which means even one copy gets the best price we can offer).

Every copy we make (including test copies and mistake copies) is put into a second spreadsheet along with the cost on a per-copy basis. This tells us when a customer ordered something, and on what date the item was printed, and how many. This lets us know how much to charge and it is also a convenient way to calculate costs, since cost and markup figures are all available here. So if we put the monthly figures into a third table, we can calculate an average rate over several months. 1/4th of this would be the weekly rate, then we pay 90% of that rate. I calculated it a couple of weeks ago so basically I just divide $90 by the bitstamp rate, and there you go. $90 / $475 is 0.189 BTC, which we just paid, for example.

Then again, sometimes I just take last week's figure and add a few bitcents if I think business is going good and the exchange rate isn't so hot. I'd only be able to do that once in a while though, obviously, but it's working so far. We will all see if bitcoin jumps from $500 to $1500 so there isn't really any danger that I will accidentally overpay.

Back to the accounting aspect, the business has it's own accounts for local currency, Bitcoin and NXT, so the funds don't get mixed up with my own personal cash. The local currency account has a debit Visa number, so I can make purchases directly from the account without having to worry about taking out money and accounting for purchases separately.

This all conforms to the philosophy "Everything is directly itemized on a bill somewhere."

I like to keep some in cash, some in BTC and NXT, because I find that if I try to put everything in one account, expenses creep up in another. We (can) pay for our web hosting and our index cards in BTC, our hardware, lamninate and rent in local currency. We currently have no NXT expenses. Keeping it spread out allows me to deal with numbers and make declarations by fiat, such as simply going to one account and paying dividends without actually transferring any money between accounts (thereby saving on exchange fees). I can then go back and make one lump sum transfer at the end of the week (or month) to balance the accounts which are getting drained. This also lets the 10% we don't pay float around in the system greasing the wheels. When we need to make a purchase, we calculate if we can afford it by counting out if we can make the next 5-10 dividend payments with what's left. If the answer is yes we most likely won't run into any trouble making a purchase.

Right now there is a small outflow of money into local currency as we've bought a printer and laminate, and are preparing to order index cards. Our quote now is $4,000 for 1 million cards (which is 87% off what we pay for standard index cards now). Once we get those our cost per card is expected to drop dramatically.

You know, there is probably a way for us to buy toner and ink in NXT. When the time comes, I'll ask, and someone here can try to find some good printer toner in a best buy or something and mail it to us. We'd pay in NXT and you'd pay in local currency. It'd be a great way to build the NXT economy. I have a lot of toner now, it may be a month or more before I need new toner, this printer is a beast, but we will see.
Title: Re: Kongzi Print Shop pays a dividend
Post by: satoshi on September 16, 2014, 04:43:05 am
You could hire virtual assistant on ...

odesk.com (as low as 1 USD per hour but quality not sure)

or

onlinejobs.ph  for as low as USD 200 per month you can hire a full time employee) if you go through a detailed hiring process you can find some real good workers there.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 17, 2014, 12:54:48 pm
Thanks for the advice on hiring people over the internet. It's a tempting prospect but I think not. I think I should probably just do it myself.

To the point I just had a series of realizations about my workflow creating the JLPT N5 series. I was doing things in a very difficult to accomplish way. I've been able to streamline my workflow into a sort of robotic dance, I can't seem to put my finger on it but it feels about five to ten times faster than before. Oddly enough it's even less boring than the old way because I can see more words and think about them, while I am entering the data.

Updates about our paper suppliers. Well I've contacted eight different paper mills (and some paper mills in China) and it turns out that we just can't get index cards unless we hire someone to cut the paper ourselves. It's also prohibitively difficult to get anything other than 140 gsm OR 200gsm. Nothing in between seems to exist. So I'm going to try 200gsm, it's a tad more expensive but if it solves the see-through problem that will be great. The good news is that even though it's a hardier stock it looks like it will be cheaper than what we buy now. Not the order of magnitude I was hoping for, but cheaper. We will get our quote on the paper tomorrow.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 17, 2014, 05:01:51 pm
Good thinking! I'm glad to hear you're taking my feedback into account and working on the transparency problem. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 20, 2014, 11:37:17 am
Dear investors;

Our IPO is now closed. We did not raise enough to pay for bulk paper or office space. Fortunately, due to a lower BTC and steadily increasing profits, we will not need to lower the dividend. I do not forsee a need to lower the dividend at any time into the future.

To raise money in the future, we will move to the mini-IPO model.

In the mini-IPO model we issue a small number of shares for a specific purchase. Our first mini-IPO will be for bulk paper at around 4,000 shares and 0.0012 BTC/share. This will lower our cost per pack from $0.93 to at least $0.77 quoted. This is important as paper is currently our largest cost component of flashcard production.

We are also launching a new staple-bound book series ("Nissan Phonics", not related to Nissan Corporation) so we would like to make a side order with the same company for A4 and legal size paper. We can currently produce each (color) book for about $1.70, and we will be able to sell them for around $3 to $3.50. A lower cost for B5, A4 and legal size paper will help us make more money on the books we sell too, but our first priority will be to secure card paper for index cards.


Dividend Announcement
=======================
The total payment will be 0.192 on Monday, September 22nd. This will represent a payment of 2.2%.

On Monday, we will release the first round of mini-IPO financing; 4,000 shares at 0.0012 BTC/share.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Sebastien256 on September 20, 2014, 11:51:28 am
how many shares in circulation at the moment? ty
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 20, 2014, 12:01:02 pm
how many shares in circulation at the moment? ty

There are 9,936 outstanding shares, 1,116 on coinsortium plus 8,820 sold on NXT.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Sebastien256 on September 20, 2014, 12:03:41 pm
how many shares in circulation at the moment? ty

Just under 10,000, I'll give a more accurate number in an edit in a moment.

yes a breakdown of the ipo situation would be good.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 21, 2014, 04:01:47 am
Hi, printshop!  Hope you're doing well. :)  I'm wondering: do you have any plans to use the Nxt Marketplace to sell product?  I think that would help diversify the offerings on there and be good advertising for your business. ;)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 23, 2014, 08:04:15 am
Hi, printshop!  Hope you're doing well. :)  I'm wondering: do you have any plans to use the Nxt Marketplace to sell product?  I think that would help diversify the offerings on there and be good advertising for your business. ;)

Thanks for your suggestion. I've created an ad for the "Da Gong Ji" Chinese set (https://nxtforum.org/goods/high-quality-chinese-flashcards/msg105981/#msg105981) I designed for you. However, most of our work is custom shop kinda stuff for local schools, so we can't really sell it online. I am working on a Japanese flashcard set which will have about 800 cards. I have about 100 cards done now, I will think about putting them up in sets of 100 as well.

Honestly though I don't really expect to sell any sets on the NXT exchange, maybe amazon or ebay, but then again, why not? Maybe someone here would like to learn a language :) It's really fun to get into another language and culture. You can explore the food, the music, the literature, you can learn a lot about the world and about life that way.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 23, 2014, 12:24:46 pm
Yes! :D  I personally want o learn more about the Indian culture. :)

As for selling goods, even if they don't sell immediately, they'll be sitting there available and they diversify the offerings on the Nxt Marketplace. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 24, 2014, 04:24:19 pm
Hello everyone.

Recently, two sellers have decided to step in front of our mini-IPO for paper, with sale orders for more than 1,300 shares. This is significant and represents about 15% of the company. I feel it's prudent to mention that we have no idea why they are selling. In short, "management confirms there is no news or other material information to disclose at this time".

However, the sales mean we need to sell an additional 1,300 or so shares during this IPO period. As a result of this we have opted not to pay Monday's dividend, as outlined in our contract on coinsortium.co and in our prospectus. As stated, our first priority is to ensure our investors do not lose money. For that reason we will be using the money to repurchase shares under the IPO price. We feel it is very important to allow investors to "get out" at a fair price (ex. over ~13-14 NXT/share) if that's what they really want to do.

The second problem is that this means we will be unable to make our bulk order of paper. We need to place an order soon (this week or next week). It looks like we will have to pay $3/pack for index cards again, and that really sucks.

What this doesn't mean:

In conclusion, nothing in our contract, prospectus or in our business plan has changed. We haven't been able to reduce our costs as much as we'd like, but that's hardly "bad news". Two, management is fully aware of the relative valuation of KPS versus other issues based on dividend yield. Looking at average valuations of companies like coinomat and STSH, based on dividend yield, KPS appears to be valued at less than 1/10th of where it should be. For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share. Our business plan in this regard is well-explained in our contract on coinsortium and in our prospectus, so there should be no surprises over what will happen in the future with KPS.

Enjoy your day, sorry for the speed bumps :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: nacer on September 24, 2014, 08:09:02 pm
hi there,

I'm one of those seller and i only wanted to sell. That's all.

Good luck to KPS :) and yes your dividend are nice.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 24, 2014, 10:53:19 pm
I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.
Title: Re: Kongzi Print Shop pays a dividend
Post by: mess on September 27, 2014, 01:24:14 am
I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.

Same opinion here.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 27, 2014, 06:40:26 am
I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.

Same opinion here.

Thanks for the support :/

Maybe I spoke too soon. I was under the assumption that there was some kind of mini panic, maybe because I didn't announce the dividend on Thursday or because we closed our IPO. We did sell a few hundred shares since then, and it isn't like we don't have the money to pay it... I had the flu all last week you see and I was probably feeling a little grumpy, hmm. On monday I will be sending $500 US to the exchange to buy a bitcoin and change as it's the end of the month. I guess I can pay the dividend and things will be okay... Never miss a dividend payment, Grandma always used to say. I guess I should be more of a "smiley lion" (is that from a book?)  Yeah on second thought what was I thinking. I can't miss a dividend payment that would be suicide. I want to look back and say, we never missed a payment. That will be our claim to fame. We will be "The Weekly Dividend Company".
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 27, 2014, 07:08:10 am
We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS) (https://nxtforum.org/index.php?topic=5605.0)
Title: Re: Kongzi Print Shop pays a dividend
Post by: Sebastien256 on September 27, 2014, 08:15:20 am
We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS) (https://nxtforum.org/index.php?topic=5605.0)

hmmm, not sure it worth the electricity cost. When CPU is not idle is consume a lot more electricity than in idle mode.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 27, 2014, 08:54:00 am
We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS) (https://nxtforum.org/index.php?topic=5605.0)

hmmm, not sure it worth the electricity cost. When CPU is not idle is consume a lot more electricity than in idle mode.

Hopefully we will make a few sales. I expect to sell all 7's and lower we come across, but time will tell. There's the blatant and obvious trust issue at stake of course, but once people realize why this business has to remain honest I think that will pass. It may even take a few years. But we will be the trusted name in this niche.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Zahlen on September 27, 2014, 05:00:17 pm
Hi printshop. I bought into a little of your shares recently, right after you removed the last offer at 12 Nxt per share T.T Wanted to give you some feedback, from my perspective as someone new to investing:

1) I heard about KPS soon after your fifth dividend payout. At that time I was looking at assets to buy, and I had the (possibly misplaced) impression that your offer would still be valid for another week, until the next dividend payout. So I took my time reading up on other assets being offered.

2) Was quite surprised when the 12 Nxt offers were removed from the AE! (Seems like you need to constantly keep up to date and act fast in cryptoland, I keep missing out on early opportunities) I put in a bid for 100 shares @ 13 Nxt each, that seemed like a fair price for missing out by 1 day.

3) Was surprised again when the offer became 16 Nxt a few days later! That's a really big jump. I managed to get very few shares @ 13, but I'm now outbid by a few people, so I doubt I'll be able to get more. I bought into some of the shares you offered @ 16, since I'd like the Nxt to go to you instead of the investors looking to sell, but I can totally understand why they want to sell, given the sudden spike in offer price and consequently the chance to get a quick return.

4) I'm interested in getting more KPS, but I wasn't sure if I should hold out for a lower price, since the jump didn't seem reasonable. (I was thinking printshop might think 16 is too high, then lower the price for the next batch) If you're committed to at least 16 Nxt per share in the future, and buying back shares at close to offer price, then I'll go get some more :) Changing offer prices smoothly and with more preannouncement  might help folks feel more confident. I'm also fine with not receiving the next dividend payment.

5) This thread is terrific! I looked at 10+ of the assets listed at coinsortium and you're the only one I feel confident in investing in, this thread is the reason. We get insight into and direct communication with not only Kongzi Print Shop the business, but also printshop the guy.


Best wishes for the future of Kongzi :) Have you thought about diversifying into digital flashcards? Personally I learned Japanese vocabulary mainly with Anki (http://ankisrs.net/), an open source flashcard program based on spaced repetition. I spent a lot of time inputting the compounds, definitions, related compounds and other data, maybe there's a market for high-quality prepared card 'decks' with pictures, example sentences, etc.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 27, 2014, 06:49:16 pm
Wow, thanks for the questions!

About the share price issue, you're right I should have had a longer announcement period to fully explain my thought behind the jump. It was affected by three factors. One, bitcoin investors had been complaining that we were trying to sell too many shares, so I canceled the original IPO and re-issued a smaller number of shares. Two, a lot of risk had been removed from the company. We have our printer, we have our laminate and we almost have our paper. We also have a nice review of our product by cobaltskky. So I set the price to 0.0012 BTC vs 0.001. Three, the price for NXT fell a little.

I had originally intended the shares to be denominated in BTC. But we didn't really sell any shares in BTC. We sold most of our shares on NXT AE. So it doesn't make sense anymore to keep re-evaluating the price in terms of BTC. I think instead we should start valuing KPS in NXT directly. I'm going to leave the price at 16 for now. If there is a huge upswing or a crash I will have to revalue it, but right now things look stable enough to just leave the price alone for a while.

By the way, I am personally a big fan of Anki, but we have been using our own in-house flashcard program since before Anki was available. It's written in Java and it's called Kongzi. We are going through a (very) slow process whereby it is being re-developed for the web and for public use. Our program is a lot more advanced than Anki in many ways. Even Anki's claim-to-fame SRS method is behind the curve slightly compared to Mnemosyne and other programs. But yes Anki is a cool program and I actually use it myself from time to time.

I've produced custom Anki decks in the past but Anki has problems when used in a classroom environment. It's Japanese support is essentially a giant Kludge, and it's hard to use if you're making a custom deck. Despite having the amount of layout control you do, even more is needed because each kanji needs to have a ruby field. The HTML needs to be generated by the software unless you want to put HTML in your fields, and that's ugly. And there is no bopomofo support so it can't be used in a Chinese classroom. Anki is still great if you don't care about layout and already have a good deck. Besides that Anki is not really a very good program, but it is the only one available right now. So people support it.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 27, 2014, 06:55:39 pm
I guess I should be more of a "smiley lion" (is that from a book?)

http://www.amazon.co.uk/My-counting-book-Marybob-Baker/dp/030703917X

Dividends on Monday after all??  Yay!  Glad I bought some more shares this week. :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: Zahlen on September 27, 2014, 11:29:13 pm
By the way, I am personally a big fan of Anki, but we have been using our own in-house flashcard program since before Anki was available. It's written in Java and it's called Kongzi. We are going through a (very) slow process whereby it is being re-developed for the web and for public use.
...
Anki is still great if you don't care about layout and already have a good deck.

I was wondering about the name. Is it meant to be a pun on Confucius and something to do with words (zi)?

Yeah, it's easy (though still time consuming) to just dump info into Anki, but not easy to arrange things nicely. It was fine for a cheapass geek independent learner like me, but I can see why other people won't like it, especially if you have to use it as part of curriculum, or are paying for a course.

A web-based solution would be really cool!

Quote
We sold most of our shares on NXT AE. So it doesn't make sense anymore to keep re-evaluating the price in terms of BTC.

I've personally stopped thinking about Nxt's value in terms of BTC, since I'm hodling for the long term. But I get why you're concerned about it, since crypto trading in exchanges is still centered around BTC.

I missed the bit about dividends still going out on Monday. Thanks! And I'll pick up some more @ 16.
Title: Re: Kongzi Print Shop pays a dividend
Post by: cobaltskky on September 30, 2014, 01:40:21 am
Very nice dividend today!  Thank you!
Title: Re: Kongzi Print Shop pays a dividend
Post by: jefdiesel on September 30, 2014, 02:22:07 pm
For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share.


Wait what? Coinomat is selling for 7NXT, and it is still severely underperforming as it is new and the crypto to fiat withdrawal market is in its infancy. Coinomat might still be a long shot, but its potential for growth is enormous. It's easy to imagine keeping funds on the blockchain and pulling them to a credit card when you wanted to spend. I could see that happening as often as people go to ATMs for cash withdrawal.
Just because KPS pays out a higher dividend for a few weeks does not imply a single thing about its net valuation. What's your exit strategy? Where are you going to find new markets? How are you going to handle constant growth, much less exponential growth?

I appreciate the small business, heck I run one IRL, but don't go getting ahead of yourself.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on September 30, 2014, 03:34:21 pm
For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share.


Wait what? Coinomat is selling for 7NXT, and it is still severely underperforming as it is new and the crypto to fiat withdrawal market is in its infancy. Coinomat might still be a long shot, but its potential for growth is enormous. It's easy to imagine keeping funds on the blockchain and pulling them to a credit card when you wanted to spend. I could see that happening as often as people go to ATMs for cash withdrawal.
Just because KPS pays out a higher dividend for a few weeks does not imply a single thing about its net valuation. What's your exit strategy? Where are you going to find new markets? How are you going to handle constant growth, much less exponential growth?

I appreciate the small business, heck I run one IRL, but don't go getting ahead of yourself.

Actually I just had a few pm's with some private investors and similar themes seemed to come up. It seems that because I have called my company "kongzi print shop" people are getting the idea I'm trying to run a sort of kinko's. I had to laugh, one private investor offered to invest more money if I was willing to make some management style changes and add a regular photocopy machine for walk in customers. While a nice idea on the whole, it completely misjudges what kind of business I am in. C'est nes pas une printshop in the sense we are ever likely to have walk-in customers.

Anyways, dividend is a primary indicator of how much a company is worth. Another is payout ratio, which indicates how strong/reliable the dividend is. I'm speaking of dividend paying companies apart from non-paying companies of course. Right now Coinomat has promised investors a 3 to 4% interest rate per month, but are making about a tenth of that. Now, granted, their BTC volume is low (see: https://coinomat.com/globalstat.php), but based on the figures we are looking at and certain costs which do not scale well with size, it seems they would have to be approaching the volume of mt. gox in it's heyday before they will be able to keep their promise of paying half what KPS pays right now. And by then it won't be 3 to 4% per month, they will have sold too many shares. So the situation is, coinomat will only pay off for investors (vs. KPS) if it becomes the next Mt. Gox (in a good way), which I personally think is very unlikely to happen.

But I could be wrong; if I were to compare the ROI on KPS vs. Coinomat, we would have to give Coinomat about a year; if Coinomat does not double within the year, or significantly increase it's dividend, it should be given a lower valuation by the community (or KPS much higher). If we shorten that time to three months (a somewhat less reliable timeframe), Coinomat must increase to at least 10 NXT/share or it will fall out of line with expectations.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 05, 2014, 02:15:08 am
Some quick news and a question.

News: We've finished the first set of Japanese Flashcards. A set of 130 JLPT N5 level cards representing all the words beginning with A, I, U, E and O (the first five Japanese letters) will be made available soon. If any community member would like to review this product, I can make available one set for the price of shipping. Please send me a PM if you would like to review this product.

Question: Over the past three days, we have repurchased around 1,100 shares of KPS. To those who have sold, could you please leave a comment on why? The share price for KPS is going up, and we're about to issue a special dividend of 20 KNS shares per KPS share. Needless to say the repurchase is putting a dent in our plans to buy paper and we will be unable to raise the dividend by as much as we had hoped in the future. It just seems to be a very bad time to sell for all involved. Any comments?
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 05, 2014, 03:48:22 am
This is a note to confirm that Coinsortium has disabled user's ability to withdraw BTC.

If this is not resolved within 24 hours, the bitcoin shareholders of KPS will not receive a dividend.

This will not affect our NXT holders in any way. We will pay the dividend to NXT holders on schedule and worry about the BTC holders when Coinsortium gets it's act together.
Title: Re: Kongzi Print Shop pays a dividend
Post by: JamesList on October 05, 2014, 05:09:21 pm
I've sold 500 shares because i needed some nxt. I'm pretty confident with your service.
Title: Re: Kongzi Print Shop pays a dividend
Post by: nxtuser on October 05, 2014, 06:24:59 pm
I saw you pulled out 5000 Nxt from KPS account NXT-GEA3-AW7K-PWQY-GY3QK to KNS account NXT-8XV8-EN3G-8QZT-8EBTT, for the creation of KNS.
 As a compensation, KNS delivered 1000 KNS assets to KPS (which is at the announce value of KNS IPO : 5 Nxt per share). You said you want to distribute those shares to KPS shareholders, to compensate the timeshare you will but to KNS instead of KPS.
All this is very fair, very clear. And as a shareholder of KPS, I really thank you.

I see as well that account NXT-GEA3-AW7K-PWQY-GY3QK (KPS Account) is willing to buy :
- 100 KNS shares at 5 Nxt
- 100 KNS shares at 4.9 Nxt

Is it for you personally, or for KPS ? Can you explain us your strategy ?
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 06, 2014, 03:53:03 am
I saw you pulled out 5000 Nxt from KPS account NXT-GEA3-AW7K-PWQY-GY3QK to KNS account NXT-8XV8-EN3G-8QZT-8EBTT, for the creation of KNS.
 As a compensation, KNS delivered 1000 KNS assets to KPS (which is at the announce value of KNS IPO : 5 Nxt per share). You said you want to distribute those shares to KPS shareholders, to compensate the timeshare you will but to KNS instead of KPS.
All this is very fair, very clear. And as a shareholder of KPS, I really thank you.

I see as well that account NXT-GEA3-AW7K-PWQY-GY3QK (KPS Account) is willing to buy :
- 100 KNS shares at 5 Nxt
- 100 KNS shares at 4.9 Nxt

Is it for you personally, or for KPS ? Can you explain us your strategy ?

Sure, I'm placing a few small bids so that people don't get the idea the IPO will go for less than 5 NXT. Someone placed a bid at 2 NXT, for example. Also, some users seemed confused over the emergent properties of the price discovery IPO. I wanted to show people how it worked. All you do is place a bid for 5 NXT. Now watch what happens when we sell shares for an average price of 5 NXT; the bids at 4.9 NXT are never filled.

To make things clearer I'll place a bid at 4.9  from the KNS account, so you can see how this works.

1. Someone will buy a share at 5 NXT.
2. KNS will immediately place a bid for shares at close to 5 NXT.
3. Since all shares sold are covered by bid orders, no one will be able to buy shares for substantially less than 5 NXT.
4. When it is time for us to use the money for the company, we will cancel some of the bid orders.

I will probably place the actual repurchase orders at 4 or 4.5 NXT to allow market participants to profit from market making KNS. The idea is to put a floor under it, not to market make our own stock.
Title: Re: Kongzi Print Shop pays a dividend
Post by: nacer on October 06, 2014, 07:29:46 am
Hi Printshop,

You seem to make the same error most of asset issuer make.

Your asset have 10 000 000 Shares. You want to sell each share a 5Nxt. So your company value is 50 000 000 NXT.

Can you explain why KNS value is 50M NXT ?

Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 06, 2014, 08:16:19 am
Hi Printshop,

You seem to make the same error most of asset issuer make.

Your asset have 10 000 000 Shares. You want to sell each share a 5Nxt. So your company value is 50 000 000 NXT.

Can you explain why KNS value is 50M NXT ?

Hi! This belongs in the KNS sub-forum. I've asked the moderators to move it there. I will give a detailed answer if they move it.

Until then, the short answer is, "it isn't".

The NXT AE isn't perfect and one of it's biggest problems is you cannot issue or recall shares once you have created a security. I've explained this in the KNS discussion thread a number of times. Unfortunately, if we issue too few shares, the share price may rise uncontrollably due to demand. You saw this during the issue of NXTinspect. They sold shares at 1 NXT and the shares almost immediately jumped to 5 NXT -- a valuation which far exceeds what the company has been able to issue. It's a real pity NXTinspect is unable to issue more shares without creating a new issue.

Coinomat had the same problem. They issued 1,000,000 shares and found that demand was so great they had to issue a new asset -- Coinomat1.

There are plenty of solutions to this "problem". For one, after our IPO, we could destroy the extra shares by sending them to the genesis block. Or, we could treat them as "unissued" shares and not retain dividends.

But to state that we are giving our company a valuation of 50 million NXT is inaccurate. I'd be suprised if we sell 50,000 shares. We've only had a handful of early bird access requests, and there are currently no public bids on our NXT AE asset. I wouldn't worry about it.
Title: Re: Kongzi Print Shop pays a dividend
Post by: Sebastien256 on October 06, 2014, 08:39:45 am
@printshop,

could you please post you concern about the AE share issuing problematic there (so that devs know that asset issuer are concern about this issue):
https://nxtforum.org/general/kushti's-topic/msg112808/#msg112808
Imo, the devs may not realize how much this is currently problematic (seem, no plan at all for this yet). Investor are are really lost because of this issue.

If more people tell there is a problematic on this, maybe they will add this feature on their to do list.

Thanks.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 15, 2014, 05:14:26 pm
For Immediate Release

KPS ENTERS MOU FOR STAKE IN LOCAL SCHOOL

We have entered into a MOU with a popular local private school for the management and operation of a new branch school in our neighborhood.

This is moving extremely fast, and may seem like it came out of left field, but I did not want to make an announcement until I had solid details and was beyond the "let's talk shop" stage. This is real. This is happening. Here are the basic details:

1. A distressed property has been bought and is on mortgage for about 50% of it's assessed value. About 30% of the mortgage has already been repaid.
2. The property is more than twice as big as average for houses in the neighborhood.
3. It's at the end of a street (on the side, not at the very end) and we own the road leading into the development as well.
4. There is an existing shell on the property which will be extended, lowering our buildling costs.
5. The blueprints have been completed by an architect and the architect has been paid. They had apparently been dealing with three different architects and chose this plan above the other two.
6. The blueprints have been officially approved by the government for zoning as a school and we have the permit to open a school on the property.
7. A builder has been found and we are likely to start construction within 2 weeks.
8. We (KPS) will end up 25% owner as managing operator of the school. We will also be paid for our services on an ongoing basis.
9. The school is matching any amount of money we put into the project.
10. We have students waiting in line to go into this school. We will become profitable immediately.

That about sums it up. This is an amazing opportunity for KPS and we are planning to take full advantage of it.

As a result of these developments we have received a private placement offer for approx. 20,000 shares of KPS at IPO price (19.6 NXT/share at today's BTER price). The shares will be bought over the open market over the next several weeks. The money will be retained by KPS as NXT in our account and we will provide receipts when making withdrawals to show where the money is going.

Because I will essentially be working for KPS and my salary will be paid to KPS, when this is done I will be taking a percentage of outstanding shares as management fee. Other companies take somewhere in the range of 20% to 40% for their efforts. I think that I will be very happy with just 10%. But it is something we will discuss and vote on as shareholders.

There will be more news and lots of photos coming soon. However please understand sometimes we drop out of warp and start moving at real-world speeds, any delays may mean weeks of no news. For example it's been two weeks since we had approval from the government and we just recently found a builder to take the project. I'll keep everyone posted.

Ask me anything!
Title: Re: Kongzi Print Shop pays a dividend
Post by: JanSako on October 15, 2014, 06:57:47 pm
Hi Printshop,

This is great news!
I support that you should be compensated for your work on the asset.
Do I understand correctly that "the school" will pay you a salary, and this salary will go to the KPS account? So it becomes a KPS income, and therefore we will all receive a part of it as dividend?

As a compensation for this arrangement, you will take 10% of shares. 10 % of which ones? The 980 000 + unsold KPS shares? Or 10% from the number of shares sold to-date?

Please explain a bit more.

Thank you!
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 15, 2014, 11:33:07 pm
Hi Printshop,

This is great news!
I support that you should be compensated for your work on the asset.
Do I understand correctly that "the school" will pay you a salary, and this salary will go to the KPS account? So it becomes a KPS income, and therefore we will all receive a part of it as dividend?

As a compensation for this arrangement, you will take 10% of shares. 10 % of which ones? The 980 000 + unsold KPS shares? Or 10% from the number of shares sold to-date?

Please explain a bit more.

Thank you!

Yes, KPS will receive the income I make from this school. I will likely work 3 hours a week to start, with a target of 7.5, a maximum of 14 hours, and a hard limit of 27 (no other time slots will be available). The salary will be in the range of $40/hr. Of course, if I am working 27 hours a week that will be "my time" so I'd expect a greater portion of the company, maybe as much as 40%, since by the time I hit 27 hours a week that will represent around 40% of my personal income. But by that time we will be paying so much NXT per share in dividends, I think my shareholders will find it acceptable. Plus, strong management ownership is seen as a good sign in a company like this.

The 10% (or as shareholders decide) will come out of all outstanding shares; so it will not be calculated as 10% x 1,000,000. If we've sold 50,000 shares total, it will be calculated as 5,000 shares. My policy is that unsold/un-IPO'd shares are inactive and effectively do not exist. Once we meet our minimum sales target (about 50,000 shares) no more shares will be sold without shareholder approval. The company can afford to be patient because it is established; there is no burn rate to worry about. We also have no need to sell a huge number of shares, since our plan is to work on a balance strategy of capital gains and dividend income. The more shares we sell, the less each dividend comes out to per share, and the lower price per-share. Same with capital gains. If the company gains $100 and there are 100 shares, each share goes up $1. But if there are 200,000 shares, it's just half a penny and that's not spectacular. I want investors to look at KPS and say, my god, that was a spectacular ride, do it again!! do it again!!
Title: Re: Kongzi Print Shop pays a dividend
Post by: JanSako on October 15, 2014, 11:54:52 pm
Understood, thank you for the explanation. I felt it needed to be clearly stated.

Full disclosure: I am probably one of your smallest investors.  8)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 16, 2014, 06:11:30 pm
Understood, thank you for the explanation. I felt it needed to be clearly stated.

Full disclosure: I am probably one of your smallest investors.  8)

On some advice from a friend this should probably be done in a separate asset. For now, don't count on any extra income flowing into KPS. I'll make another announcement in a few days and i'll get some photos and videos so you can see the papers.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 28, 2014, 06:22:27 pm
We spoke with the builder today. We got a good builder that has done several government buildings in the city. He is also very amicable towards us paying in installments (less at first more later). I'm surprised we got this guy and he's so friendly to our finances, but, extenuating circumstances.. this whole project seems blessed, really. If I told you all the details you really wouldn't believe how lucky we were with this school.

But getting into it, and getting into the plusone system I'm developing.. made me realize I am doing precisely what I promised I would not do. I'm spreading myself too thin. I need to take a small holliday -- perhaps a week. Additionally, since it seems no one else is going to buy any KNS or KPS shares, I guess it's time to close the IPOs and take my cut.

Based on what NXTinspect took (40% in shares and 210,000 NXT in cash) I will take 40% of KNS and KPS in shares (0.4 * what's been sold so far) and the rest in shares (42,000 KNS and 10,500 KPS, representing 210,000 NXT each). In return, I will stop taking a salary from KPS and I will not take any salary from KNS. "If I get paid, my shareholders get paid" will be the rule. I'll do this around November 1st, so there's still a couple of days left to discuss this if any shareholders are worried.

I will also begin aggressively repurchasing shares in order to take the companies private. The end goal is to incorporate the companies and have them operate services as privately held corporations. (Under Canadian law, you will be able to hold shares in these corporations legally! But the process is an arduous one and will take at least another 6 to 8 months for me to set up). I will be exploring other options as well such as either hiring a professional analyst or getting certified myself so I can legally operate as an investment advisor. That will give me a lot more leeway to write reviews and so forth.

KNS and KPS will continue to exist, and move forward. It'll be a bit slow going, but our story is not over by any means. You can PM me any questions, or write them here :) I will be around.
Title: Re: Kongzi Print Shop pays a dividend
Post by: blackyblack1 on October 28, 2014, 07:01:55 pm
Quote
Based on what NXTinspect took (40% in shares and 210,000 NXT in cash) I will take 40% of KNS and KPS in shares (0.4 * what's been sold so far) and the rest in shares (42,000 KNS and 10,500 KPS, representing 210,000 NXT each).
Why do you mimic NxtInspect? You are asset issuer - make your rules. I suggest to take 40% in shares and that's it. And check if it does not break shareholders' contract.
Title: Re: Kongzi Print Shop pays a dividend
Post by: JanSako on October 28, 2014, 10:42:32 pm
Quote
I will take 40% of KNS and KPS in shares (0.4 * what's been sold so far) and the rest in shares (42,000 KNS and 10,500 KPS, representing 210,000 NXT each).

I don't understand that part. The rest of what?

Please explain what would this do to future dividends? The KPS div's have just been diluted by how much? 40% + the rest of something...

Regarding NXTInspect, you can find fault with pretty much anything they do, so I do have to poke you on that... why do the same?

BTW, I don't see a problem with you getting paid for your work! On the other hand, if you decide to dump you shares of KPS because you got an unexpected bill... Any chance of an assurance (within reason) that you won't dump?

Somebody posted a suggestion in another thread that asset owners should commit to holding the shares they get as 'reward' for running the asset for some period of time. Maybe for the expected ROI time?   
Title: Re: Kongzi Print Shop pays a dividend
Post by: nxtapple on October 29, 2014, 03:31:05 am
Quote
Based on what NXTinspect took (40% in shares and 210,000 NXT in cash) I will take 40% of KNS and KPS in shares (0.4 * what's been sold so far) and the rest in shares (42,000 KNS and 10,500 KPS, representing 210,000 NXT each).
Why do you mimic NxtInspect? You are asset issuer - make your rules. I suggest to take 40% in shares and that's it. And check if it does not break shareholders' contract.

I agree with this sentiment. Also nxtinspect has three issuers whereas KNS only has one issuer (you). Therefore you are getting 3 times more money/ assets.

I'm not happy at all about this :(
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 29, 2014, 03:50:49 am
I agree with this sentiment. Also nxtinspect has three issuers whereas KNS only has one issuer (you). Therefore you are getting 3 times more money/ assets.

I'm not happy at all about this :(

Ok, well the shareholders have weighed in. I'm happy that we had the chance to talk about this.

I have decided to lower the amounts from 40% to just 20%, and no other shares or money. These shares will be accounted for separately in our financial statements and I will notify shareholders before I sell them. If I follow those rules, I hope it will keep my shareholders happy.

BTW, I don't see a problem with you getting paid for your work! On the other hand, if you decide to dump you shares of KPS because you got an unexpected bill... Any chance of an assurance (within reason) that you won't dump?

Somebody posted a suggestion in another thread that asset owners should commit to holding the shares they get as 'reward' for running the asset for some period of time. Maybe for the expected ROI time?

First, if I dump my shares, I won't get a good price for them. Second, it will make it difficult if the company wants to raise money in the future. While it is not a direct assurance, there is a very strong financial incentive for me to hold on to my shares. As long as I hold those shares you can be assured that I will have a financial incentive to work for you, because our interests in this company are the same. So if I dump, it means I'm making a mistake. The price will tank, and someone will step in and take all those cheap, beautiful shares off my hands. Why sell for less?

I'm in it for the long term. I won't sell my shares until I can get my million dollars. To me that is what business is all about. Now, how likely is it that this will happen... Let's be honest KNS has barely raised $2000... KPS has been much more successful but we still have no office space and no ability to order paper on the cheap. This means we now have to move at "real world speed", and expand based on our hard work and profits.

For KPS, we are working on a deal with an old-style copy shop with ancient looking machines.. seriously some of the stuff they use is pre-digital... they said they can do a smaller order for us and cut index cards... But how small, how much.. They won't be packaged so we will need a way to package them and transport them from the shop. But the cards will be a little heavier than before so that should solve the bleed through problem or at least alleviate it. And we will have a cheap supply of paper.

For KNS and plusone I'll write more in the KNS sub forum later.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 29, 2014, 04:00:14 am
Also just a quick note, since the price of KPS has started to rise (I think it just broke 25 NXT/share) I'd like to put up 1200 shares of KPS to try and raise money for the order of paper again. I'll do this after October (along with the share transfers) so there's time to talk about it. Since people are finally starting to see the value in KPS I will stepp these shares into the ask and keep investors informed over how many are sold.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 29, 2014, 04:25:36 am
Please explain what would this do to future dividends?

If I take 20%, future dividends would, in theory, be diluted by 20%. But I take a small salary from KPS which I am giving up, so I estimate dividends will remain the same. For now, I will keep increasing the amount paid every time I pay a dividend.
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 29, 2014, 05:07:45 am
I have decided to lower the amounts from 40% to just 20%, and no other shares or money. These shares will be accounted for separately in our financial statements and I will notify shareholders before I sell them. If I follow those rules, I hope it will keep my shareholders happy.


Oh! I just had an idea which will help me, and help you guys too!

WHAT IF, instead of taking say 2700 or 2500 shares (20%) all at once, I just pay myself, say, 100 shares a month?

This means, that short term and medium term, the dilution impact would be almost zero! But long term, I have the chance to make more shares as the company grows? This would also help you guys have faith that I am in it for the long term! What do you think of that idea?
Title: Re: Kongzi Print Shop pays a dividend
Post by: blackyblack1 on October 29, 2014, 06:24:42 am
I have decided to lower the amounts from 40% to just 20%, and no other shares or money. These shares will be accounted for separately in our financial statements and I will notify shareholders before I sell them. If I follow those rules, I hope it will keep my shareholders happy.


Oh! I just had an idea which will help me, and help you guys too!

WHAT IF, instead of taking say 2700 or 2500 shares (20%) all at once, I just pay myself, say, 100 shares a month?

This means, that short term and medium term, the dilution impact would be almost zero! But long term, I have the chance to make more shares as the company grows? This would also help you guys have faith that I am in it for the long term! What do you think of that idea?
This is a rather small wage for a CEO.
Title: Re: Kongzi Print Shop pays a dividend
Post by: futurist on October 29, 2014, 08:22:59 am
KPS...have you ever checked out http://www.vistaprint.com/ ???? or http://www.dundermifflin.com/
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on October 29, 2014, 01:28:35 pm
KPS...have you ever checked out http://www.vistaprint.com/ ???? or http://www.dundermifflin.com/

I've checked out 7 or 8 paper mills in this country, none of them do index cards, and most of them want to sell by the roll (so I'm not really able to buy from them). About those two websites you mentioned, vistaprint takes me to a holding page (not a real site) and dundermifflin is in the states. I can't use them. The more local the better in terms of cost. The local shop I am dealing with now is probably going to be able to cut me a deal (pun intended), I will have more news next week.

WHAT IF, instead of taking say 2700 or 2500 shares (20%) all at once, I just pay myself, say, 100 shares a month?
This is a rather small wage for a CEO.

You're one of the largest shareholders, as I recall. What do you feel would be more appropriate? If 100 is "rather small" I am imagining 200 or 300 a month might be more appropriate. How would you feel about 200 then? What I can do is go with 200 shares first, and gauge the market month to month. If we're doing a good job I might go as high as 300, but I don't think that would be appropriate given current market conditions.

You have to remember that it may seem like a small fee now, but these shares could be worth a lot of money someday. Don't underestimate what will happen to KNS shares. Look at KPS, for a taste of what I will do with KNS. Remember. It is very important to drink upstream from the herd. Drinking upstream from the herd tastes better than drinking downstream from the herd. Word to the wise.
Title: Re: Kongzi Print Shop pays a dividend
Post by: blackyblack1 on October 29, 2014, 05:46:18 pm
WHAT IF, instead of taking say 2700 or 2500 shares (20%) all at once, I just pay myself, say, 100 shares a month?
This is a rather small wage for a CEO.

You're one of the largest shareholders, as I recall. What do you feel would be more appropriate? If 100 is "rather small" I am imagining 200 or 300 a month might be more appropriate. How would you feel about 200 then? What I can do is go with 200 shares first, and gauge the market month to month. If we're doing a good job I might go as high as 300, but I don't think that would be appropriate given current market conditions.

You have to remember that it may seem like a small fee now, but these shares could be worth a lot of money someday. Don't underestimate what will happen to KNS shares. Look at KPS, for a taste of what I will do with KNS. Remember. It is very important to drink upstream from the herd. Drinking upstream from the herd tastes better than drinking downstream from the herd. Word to the wise.
I don't hold any KPS but with KNS I am a major stakeholder so I speak from KNS holders side.
100 shares per month is as low as 500 NXT - $10 wage for such amount of work... This is not about how I feel but about how you feel what is enough to stay motivated with KNS.
Title: Re: Kongzi Print Shop pays a dividend
Post by: pf on October 29, 2014, 09:40:18 pm
Remember. It is very important to drink upstream from the herd. Drinking upstream from the herd tastes better than drinking downstream from the herd. Word to the wise.
Lol less pee
Title: Re: Kongzi Print Shop pays a dividend
Post by: OrgiOrg on November 04, 2014, 10:08:01 am
current Dividens?
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on November 04, 2014, 02:21:02 pm
current Dividens?

https://nxtforum.org/index.php?topic=4916.msg123386#msg123386

We're moving to monthly dividends. You can opt out by sending me a PM.
Title: Re: Kongzi Print Shop pays a dividend
Post by: OrgiOrg on November 04, 2014, 03:48:25 pm
sorry, missed that!
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on November 24, 2014, 04:00:53 am
Code: [Select]
NXT-3NTG-FJPG-FFRY-FSZH4 2767.8 15789439178713073463
NXT-FAHJ-MNJE-5BHY-24PP4 1957.2338 13920557307727363092
NXT-53EB-6WSS-BAGG-39UXP 1921.9316 2984055255908770560
NXT-TU23-XMYB-722V-5LWVC 1400.705 2586122083306411377
NXT-4HJF-WVDB-G762-5XV7Z 1037.3 10899638650441179674
NXT-H2GA-EFLM-2SR3-6X3MV 829.64 6199033917685775775
NXT-KUQ3-SYHL-E4BE-B2BL5 483.54 5179861719344119289
NXT-8D65-AVB7-X8SM-2JTX4 345.1 9386283121754983951
NXT-UAPC-3T43-FFT6-HW5BZ 345.1 16668554096863076479
NXT-RE8F-JLCU-3L67-8HUQS 345.1 13456663271296311614
NXT-G3ZG-DFJR-C4VX-AVNK5 345.1 6422484123341681611
NXT-5FJE-ZUVA-4YQM-B538L 310.49 1930875496524765318
NXT-359Q-5ANQ-9M9E-66DJ8 188.6628 11607308715560597657
NXT-HFTL-X9BX-BBQX-8FPEG 172.7422 16063845212182059715
NXT-CSMZ-VJV5-YVVP-5FZQU 172.05 14164096575603775304
NXT-7PJE-3NSH-C7W5-GU4FT 137.44 15071134374775481950
NXT-DNEE-TZ9V-EW7E-C64UY 87.6016 14524835601546009894
NXT-2L4G-2KTP-7YKJ-HZNJY 82.064 3012016067741875454
NXT-YJ25-HTWF-N8RR-4TJAY 68.22 12599526989529053921
NXT-ZZ4W-YB6N-2TPJ-7EUY9 68.22 4249726837104001714
NXT-X2ER-EMGR-E3LG-7AR8H 68.22 5945949920348261518
NXT-5294-T9F6-WAWK-9V7WM 68.22 1887593124798664437
NXT-V9HG-HQ5F-YTFK-BEYC2 47.454 4025881229146497633
NXT-JGKG-5VF4-CCZS-HTSY3 42.6086 12218237788229124617
NXT-NSL5-SKK3-PMJM-G2XWE 40.532 6649507605923232610
NXT-Q3FL-S6D3-DHLR-7WNSX 33.61 17939231079963804542
NXT-F87Z-VNC2-A28A-2ZHYW 30.8412 194154216707713771
NXT-S27N-JBGA-J8QD-AMAT8 30.149 7437406845779690270
NXT-HBFW-X8TE-WXPW-DZFAG 12.844 194154216707713771
NXT-47L4-3ZFH-VP8P-2EA84 11.4596 720513947920985982
NXT-MRCR-CCU5-SZVY-BJACF 6.6142 2766234935289063049
NXT-S96S-MDZY-UKG8-2ACBP 5.922 10851222243786536891
NXT-LYV3-64W9-TUUF-7BALU 3.8454 13571557956558568367
NXT-TGC4-8KDJ-RBQU-B65KE 2.461 9206635037654461532
NXT-F38H-4TZ4-TABM-BS2KK 2.461 15845336954388698335
NXT-BVCW-Z6NY-QN6B-7MAHY 1.7688 15659742953098639261
NXT-ZTBF-6RES-AD56-C5CGP 0.3844 15706631920406521705

Hi. Big news coming soon, will be posted in the SafeHash thread and KNS threads too. Have to go out for lunch now, bye :)
Title: Re: Kongzi Print Shop pays a dividend
Post by: printshop on November 24, 2014, 05:14:13 am
Hi everyone. Due to the SafeHash deal I've worked out, KPS will have to close.

We won't issue a dividend anyomre, but we will repurchase all shares on the open market. My suggestion is to tender them for about 5-10% more than you paid. This will give everyone a good profit and help speed the closing.

There will be those who hold out for a very high price; please be aware that we are unlikely to place bids higher than the major sell points, and will certainly never bid more than we have sold for :)

Good luck and thank you for making KPS a success!

If you would like to convert your KPS shares to SafeHash shares, please PM me or send an e-mail to kns@kongzi.ca.

Please see the SafeHash (https://nxtforum.org/index.php?topic=6474.msg133770#msg133770) and KPS discussion threads (https://nxtforum.org/index.php?topic=4916.msg133775#msg133775) for more information.
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