Monthly Statement, January 2010

Odinsdagrting crosses 1 Billion ISK in monthly sales.

January saw 1,022,328,840.07 ISK in monthly gross sales. The net sales for the month was 515,874,016.71 ISK. The attractive part of this number is the 133.43% return on investment dollars that represents on the 386,626,345.90 ISK spent to build the goods that were sold.

All of this raises the corporate balance sheet to 2,389,174,896.58 ISK. This is a 10.08% growth over December.

We have begun tracking the costs and success rates of invention more closely. The month of January saw better than expected returns in invention which grew the corp by 40,247,066.44 ISK.

The dividend for January is 80,605.32 ISK. This is 16.12% of the par value of the stock, and 10.80% of the current book value of 746,617.15 ISK per share.

February will see the creation of more shares as part of a second stock offering. It was always the intention during the initial formation of Odinsdagrting to have a two stock offerings. The number of shares and the share price has not been settled.

Odinsdagrting Announces Ship Kits

Odinsdagrting will begin selling ship kits on contract in Dal. These kits will include a ship, modules, rigs, drones, and ammunition. The first kit will be the Minuteman-class Incursus kit.

The kit itself will include:

• 1 Incursus
  
• 3 75mm Gatling Rail I
  
• 3 Anode Light Electron Particle Cannon I
  
• 1 1MN Afterburner I
  
• 1 1MN Microwarp Drive I
  
• 1 Initiated Harmonic Warp Scrambler I
  
• 1 'Langour' Drive Disruptor I
  
• 1 F85 Peripheral Damage System I
  
• 1 Small Armor Repairer I
  
• 1 200mm Reinforced Rolled Tungsten Plates I
  
• 1 100mm Reinforced Rolled Tungsten Plates I
  
• 2 Small Hybrid Collision Accelerator I
  
• 2 Small Algid Hybrid Administrations Unit I
  
• 1 Acolyte I
  
• 1 Hobgoblin I
  
• 1 Hornet I
  
• 1 Warrior I
  
• 1500 Antimatter Charge S
  
• 1500 Iridium Charge S
  
• 1500 Iron Charge S
  
• 1500 Plutonium Charge S
  
• 1500 Thorium Charge S
  
• 1500 Tungsten Charge S
  

While the components in the kit can be used in any number of manners there are some loadouts that were specifically designed around for this kit:

• Minuteman R1
  
• Minuteman R1R
  
• Minuteman B1R
  
• Minuteman R2
  
• Minuteman R2R
  
• Minuteman B2
  
• Minuteman B3R
  

We hope to begin offering a Tech 2 fitted Incursus kit and Enyo and Ishkur kits in the next few weeks.

Monthly Statement, December, 2009

December is done, as is 2009. Dominion had a big impact on the month, and things have still not settled down.

December did see good sales, with 401,437,765.13 ISK in net sales. This, however, represents 18.5% of the company worth. Sales are not growing as quickly as the company is. After monthly dividends, the corporate balance sheet raises to 2,164,341,191.74 ISK. This represents a poor 5% growth for the month.

As with last month, it is expected that growth would be bigger since sales were bigger. There are two factors that I can cite for this difference.

One is Dominion. The changes to the build demands have up-ended prices. Several components that were were holding onto have lost a lot of value. Even at the end of the month, we are still not able to build some Tech 2 ships for less than twice what we built them in November.

Another factor is a misunderstanding in the Invention process. Running an invention job off of a Tech 1 rig BPC will always result in a 1-run Tech 2 BPC, regardless of how many runs the Tech 1 BPC had. However, using a decryptor that gives bonus runs to the Tech 2 BPC will add to 1-run if the Tech 1 BPC was max run. This resulted in some Tech 2 BPCs not being worth as much as I had originally though. We lost a few million in balancing things out.

Sales do now take into consideration sales tax. They do not, yet, take into consideration broker fees. The corporation is also now paying sales agents a commission. This will cut into growth, but should hopefully get others to take on the job from me.

The corporation is also posting sell orders in Dal. We will likely be posting some in Old Man Star, soon, too. Sales aren't very good in low sec, yet, but we are hoping to build the markets.

Dividends for the month of December were 62,724.65 ISK per share. This is 12.54% of the par value of the stock.

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.

Odinsdagrting is Seeking Suppliers

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

• Want Bi-Weekly Mineral Contract


• Want Bi-Weekly Salvage Contract


• Want Bi-Weekly Advanced Moon Material Contract

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.

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.