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Kongzi Print Shop pays a dividend  
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Author Topic: Kongzi Print Shop pays a dividend  (Read 22327 times)

printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #80 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?

printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #81 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.

JamesList

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Re: Kongzi Print Shop pays a dividend
« Reply #82 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.
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nxtuser

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Re: Kongzi Print Shop pays a dividend
« Reply #83 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 ?
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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #84 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.

nacer

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Re: Kongzi Print Shop pays a dividend
« Reply #85 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 ?

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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #86 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.
« Last Edit: October 06, 2014, 08:18:23 am by printshop »
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Sebastien256

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Re: Kongzi Print Shop pays a dividend
« Reply #87 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.
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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #88 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!
« Last Edit: October 15, 2014, 06:26:38 pm by printshop »
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JanSako

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Re: Kongzi Print Shop pays a dividend
« Reply #89 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!
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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #90 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!!
« Last Edit: October 15, 2014, 11:42:12 pm by printshop »
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JanSako

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Re: Kongzi Print Shop pays a dividend
« Reply #91 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)
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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #92 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.

printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #93 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.

blackyblack1

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Re: Kongzi Print Shop pays a dividend
« Reply #94 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.
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JanSako

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Re: Kongzi Print Shop pays a dividend
« Reply #95 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?   
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nxtapple

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Re: Kongzi Print Shop pays a dividend
« Reply #96 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 :(
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printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #97 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.

printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #98 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.

printshop

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Re: Kongzi Print Shop pays a dividend
« Reply #99 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.
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