Press Releases for Odinsdagrting [ODNDT].

Tuesday, December 29, 2009

Odinsdagrting Joins United Trade Syndicate

The Odinsdagrting [ODNDT] corporation has joined the United Trade Syndicate [TRAMP] alliance.

We look forward to working with other TRAMP member corporations to build low security markets.

Monday, December 28, 2009

Odinsdagrting is Seeking Suppliers

We are looking to stabilize procurement (and keep me from hauling all over five regions). Check our forum posts:

Odinsdagrting is Hiring Gull Gaeta

We are beginning recruitment. We are currently hiring for sales associates, or Gull Gaeta.

Please, check our ad in the Alliance and Corporation Recruitment Center.

Odinsdagrting [ODNDT] is seeking mission runners who run missions for Minmatar Republic organizations or companies in Minmatar space or abroad to serve as sales associates (Gull Gaeta).

Responsibilities: All Gull Gaeta will be responsible for picking up [ODNDT] produced material from pre-arranged drop-off points, moving that material to assigned market hubs, and selling it for the corporation. They will need to tend these orders every few days to maintain competitive prices. Gull Gaeta's will receive 20% of the profit from their sales as a monthly commission.

Benefits: There is no corp tax, so mission runners can continue to do as they desire and keep the proceeds from their missions. The corporation does build a number of ships, modules, and rigs that it will sell to corp members at or near cost. The corporation can also provide fitted industrials.

Corporation Future: [ODNDT] is looking to expand production and move into low security hubs. We are looking to work with a few other corporations and are currently considering joining an alliance. We have plans to offer a second, public stock offering in February.

Thursday, December 3, 2009

Monthly Statement, November, 2009

Odinsdagrting has completed its second month. November was a month that I did not expect to see much out of. I would've been happy if we performed half as well as we did during October. The rest of the corp members are not, yet, in a position to really contribute, and I myself was expecting to be busy with other project.

November turned out better than I expected. This month saw 399,595,878.83 ISK in net sales. Again, this represents just over 21% of the company worth. After monthly dividends, the corporate balance sheet raises to 2,054,870,720.45 ISK. However, this represents just under a 9% growth for the month.

Since sales represent 21% of the company worth, and the dividends paid out are locked at half of sales, then corporate growth is expected to be just less than half of sales. The corporate growth is below where it I expect it to be. There are three factors that I don't currently measure that could easily contribute to this.

One factor is fluctuations in the prices of raw materials. I don't like to carry too much in raw materials, but the month ended with us holding 316,953,546.29 ISK in Manufacturing Consumables. A drop in the prices of some of these could have devalued our inventory.

Another factor is poor luck in the invention process. I factor in the cost of an expected number of invention failures. I am sure that over time, my actual success rate will be very close to the calculated success rate. It is, however, possible that any given month can be more or less successful.

The third factor is broker fees and sales taxes. Ven Tamnej has been the corporation's chief sales agent. His skills are well enough to lower these factors considerably, but they do exist, and they aren't measured.

Dividends for the month of November were 62,436.86 ISK per share. This is 12.49% of the par value of the stock. It is not finalized, yet, but plans for December may see the dividend rate cut as we begin to pay salaries.

Saturday, October 31, 2009

Monthly Statement, October, 2009

Odinsdagrting has completed its first full month, with 341,615,495.12 ISK in net sales. This represents just over 21% of the company worth. After monthly dividends, the corporate balance sheet raises to 1,888,330,599.42 ISK. This represents an 18% growth for the month.

This growth may not be entirely accurate. There were some Tech 2 Blueprint copies included in the assets transferred from Vol Jbolaz. These BPCs were not accurately valued at the time, and thus were not included in the initial 1.6 Billion ISK capitalization. It is not believed that these BPCs represent a large portion of the growth.

It is expected that the corporate growth would be greater than that of net sales. The computed cost of goods produced is based on the highest cost paid for raw materials, not the average. This will result in some gains not reflected in sales.

Dividends for the month of October are 53,377.42 ISK per share. This is a 10.68% return on the initial stock purchase price of 500,000.00 ISK.

The growth and sales for October are below desired levels for steady state operation, but they are quite remarkable giving that most of the month was spent bringing products online and refining internal efficiencies. It is hoped in the future that more capital could be dedicated to production.

About Odinsdagrting

Odinsdagrting [ODNDT] is an industrial corporation based in Metropolis currently building Gallente Tech 1 and Tech 2 ships, turrets, and ship modifications.

Odinsdagrting was founded by Vol Jbolaz, Marten Scholen, and Fyllyn Dwyn, a group of three friends that routinely met on Wednesday evenings, Odin's Day.

Odinsdagrting has chosen for its logo Odin's two ravens, Huginn and Muninn.

Odinsdagrting is based in Metropolis, and is looking to improve its relations with the Minmatar Republic, working closely with Republic corporations such as Core Complexions and the Republic Parliament.

The company was funded by a limited stock release, issuing 3,200 shares at 500,000 ISK per share, capitalizing at 1.6 Billion ISK. It currently holds a number of Tech 1 BPOs, and is looking to expand its holdings and sales offerings to include a complete listing of Gallente and Minmatar ships, turrets, and ship modifications.

Odinsdagrting current pays out dividends to stock holders of one half of monthly net sales.