JoshEdward
Guardian
- Joined
- Jul 19, 2008
- Posts
- 337
- Location
- Malaysia, Sarawak
- Society
- Miner's Mafia
- Avatar Name
- Joshua Edward Wong
Ever come to a situation where you need PED urgently and you end up TT’ing stuffs in your inventory which is worth much more in market value? Well, that had occurred to me quite a number of times already. So I decided to come up with a plan to benefit all.
1.1 Introduction
STTS intend to minimize the losses of players who TT’ed their stuff in return for quick cash. With the initial running capital of 1,000 PED (revised to 5,000 ped as at 31/12/2008), I will be aiming to collect as much “scrap” items as possible and then sell them in bulk for profit.
1.2 Scrap item?
Ok, you will probably wonder what's the meaning of scrap item is. To put it simple, any item that you don’t need. From hides to extractors, wools to animal residues, ores to enmmatters, fruits to sweats, explosive projectiles and so on (anything you willing to TT to generate quick cash).
1.3 Ok, interesting, but what do I get from this?
The whole idea for this plan is to collect “scrap” from players at TT value and sells it in bulk at mark up price for profit and the profit will be redistribute back to players. Players who participate will in return get STTS points which can be exchanged for STTS shares at later date.
STTS PLAN OPERATION OVERVIEW
1.4 This is too good to be true, what do you get?
Well, I will be taking 30% commission profit made through the sales of the "scrap item" and the remaining 70% will be refunded to the owner.
1.5 Ermmmmmmm......
Still doubting? Well this plan required thrust and participation from players. I shall get started with scrap item with low mark up scrap item and once the foundation of trust is built, we will go for scrap items that have higher mark up value. Rest assured that I’m acting with goodwill (of course with the aim of making a bit profit).
1.6 Getting started (I)
To kick start this plan, I will be online in the following designated time slot to buy all the scrap items from players at TT value. Reservation can be made at forum for any time out site the provided time frame. Leave your in-game nick, time and place to trade and TT value of the amount you want to trade. Every transaction will be supported by print screen and i will process the deal.
Scheduled time slot will be subjected to PED's availability. If i'm not thr as suggested in the time time slot, i'm PED out =).
1.7 Getting started (II)
Every done deal will built up our stock list. The larger it gets the easier the future business to be done. Each sales of stock will be accompanied with screenshot to act as a proof on what is actually the selling price. Each participant can ask for the print screen anytime. Apart from individual dealing, some of the stock will be put on auction. Anything sold in auction will also be proved with a screenshot.
Please bear in mind that the sales of the stock will be base on First-in-first-out method (FIFO). E.g. Participant A TT’ed me 1,000 explosive projectiles (EP). 1 hour later Participant B TT’ed me 10,000 EP. At the end of the day, a buyer ordered 1,500 explosive projectiles from me. I will sell Participant A’s 1,000 EP first and then the remaining 500 EP will come from Participant B’s stock.
For profit redistribution, it will be on a weekly basis. I’ll redistribute back profits to participants every Wednesday in between 1400 - 1600 MA time. Frequency, time and location for redistribution can be changed subjected to request by participants.
1.8 Getting started (III)
Hold on... what’s with the I and we?? Isn’t this your plan? This plan is built base on trust and participation of players. Therefore for every “trust” you give to STTS, you will be rewarded with STTS points. The aim of this incentive is to encourage players to participate and realistically provide opportunity for players to become partners to the plan itself.
The last batch of STTS points had been cutoff (reset) on 15/1/2009 as part of the launching of STTS shares. All the STTS points accumulated by participants up to that date had been converted to STTS shares at the rate of 1 STTS point for 1 STTS shares.
1.9 STTS Shares & Investment
Since the commencement of STTS plan, the plan had evolved in great ways to provide better service and investment opportunities to players of Entropia Universe. STTS investment was introduced to at allow for operating capital increment which is necessary to bring STTS to new height. Any amount invested in the scheme will entitled 1.5% cummulative interest charged on weekly basis. The current status of investments can be referred to at STTS Shares & Investment thread.
As mentioned earlier, STTS Shares had been issued to holder of STTS points. Holders of STTS shares will be reflected as "co-owner" of STTS plan and will be entitled dividends payout. The dividend payouts will be on monthly basis base on the overall revenue generated by STTS plan throughout the month. The percentage of profits allocated to dividends payout ranges from 50% - 90% of the net profits earned. Further details regarding STTS shares can be referred to at STTS Shares and Investment Thread.
1.10 STTS Cash & Carry Store
New STTS wing. Specialized in selling TT stuff gathered from STTS plan
1.11 STTS Management Team
To further enhanced the services provided by STTS plan, several recruitment had been made. Participants can now deal directly with STTS agents to offload their TT stuff. The procedures when dealing with Agents remain the same to as dealing with me.
STTS Public Relationship Officer
Maria mastermesh mesh
STTS Agents
Agent 001
IGN: mike Futurama anderson
EF Nick: Futurama
Time zone/(MA time) available: CET+2/14.00-19.00 MA time
Operating Capital: 1400 PED
Agent 002
IGN: Van Fallout freak Buren
EF Nick: VanBuren
Time zone/(MA time) available: +1 winter/+2 summer
Operating Capital: 1200 PEDs
Agent 004
IGN: Alexander Neutrino-X Darkmoon
EF Nick: Neutrino-X
Time zone/(MA time) available: GMT - 4:30. available mostly at 12:00 - 16:00 MA time during weekdays.
Operating Capital: 700 PED
Send Private Message to George Ace Skywalker for appointments
Q. I sold my stuff you. What should i check for to confirm the transaction?
A. Every accepted transactions will be included in the Participant Movement list. The list will include items and quantity of stuff transacted. It will be updated on weekly basis mostly on Sunday.
Q. I found my stuff, its been 2-3 weeks now since we made the deal. Why i am still not refunded?
A. TT stuff accepted from participants will be dealt differently depending on the quantity as well as the market demand for it. Items with low demand will be sold in smaller batches and they would required longer time to be completely sold off. As for items in small quantity, accumulation of the item is necessary to ensure the auction fees paid for selling them do not eat out the markup of the item.
All the completed sales will undergone series of processes to determine the owner of the items and their shares of the mark up profits. Due to heavy workload of the process, there will only be updates of 120 sales transaction every week. The updates on the sales will be on Wednesday around 1400~1500 MA time.
Q. Ok, i know you got heavy workload but i need my refund now! When can have them?
A. Firstly, i would like to give assurance to all STTS participants that profits arising from the sales of your stuff will be refunded no matter what. In fact, the longer the delays of the refunds, the more beneficial it is to the participants themselves. Let me briefly explain how could this be:
Example:
A participant sold to STTS 100 PED stuff with 110% market value. I sold all of them and have 110 PED on hand. With that 110 PED on hand, i bought another 110 PED of stuff with 110% market value. Now i got 121 PED on hand. As i repeat the steps to the 10th cycle, i would have 260 PED on hand (with the assumptions that variables remain the same). Now, i can refund the initial participants the 10 PED (Less commission) that i hold at the first place and repeat it to the second participants after the 11th cycle.
If i had refunded the 10 PED once the sales was done, i would only have 100 PED for each trade up to the 10th trade instead of the 260 PED calculated above.
It would be crucial for STTS to have bigger operating capital on hand through partial release of refund so that more items could be accepted and more profits earned. Do remember that each done sales will earn you STTS points which can be converted to STTS shares. This will make you partial owner of the plan and the more profitable the plan is, the bigger chunk of dividends you are entitled to.
Q. I tried to find you at the scheduled time slot but you are not there! Why?
A. The constrain of STTS plan had always been the operating capital available. My agents and I were operating with limited capital and they tend to be exhausted pretty fast. We would require some time to sale off items received to free up the PED before we would be available to accept more. Therefore, from now onwards if i am not online on the designated time slot, i am PED out!
P/S My apologies to those who had waited me after i had posted the time slot. Should have posted it together with this.
Participant movement list
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Daily Trading Account.
0001 0002 0003 0004 0005 0006 0007 0008 0009 0010 0011 0012 0013 0014 0015 0016 0017 0018 0019 0020 0021 0022 0023 0024 0025 0026 0027 0028 0029 0030 0031 0032 0033 0034 0035 0036 0037 0038 0039 0040 0041 0042 0043 0044 0045 0046 0047 0048 0049 0050 0051 0052 0053 0054 0055 0056 0057 0058 0059 0060 0061 0062 0063 0064 0065 0066 0067 0068 0069 0070 0071 0072 0073 0074 0075 0076 0077 0078 0079 0080 0081 0082 0083 0084 0085 0086 0087 0088 0089 0090 0091 0092 0093 0094 0095 0096 0097 0098 0099 0100 0101 0102 0103 0104 0105 0106 0107 0108 0109 0110 0111 0112 0113 0114 0115 0116 0117 0118 0119 0120 0121 0122 0123 0124 0125 0126 0127 0128 0129 0130 0131 0132 0133 0134 0135 0136 0137 0138 0139 0140 0141 0142 0143 0144 0145 0146 0147 0148 0149 0150 0151 0152 0153 0154 0155 0156 0157 0158 0159 0160 0161 0162 0163 0164 0165 0166 0167 0168 0169 0170 0171 0172 0173 0174 0175 0176 0177 0178 0179 0180 0181 0182 0183 0184 0185 0186 0187 0188 0189 0190 0191 0192 0193 0194 0195 0196 0197 0198 0199 0200 0201 0202 0203 0204 0205 0206 0207 0208 0209 0210 0211 0212 0213 0214 0215 0216 0217 0218 0219 0220 0221 0222 0223 0224 0225 0226 0227 0228 0229 0230 0231 0232 0233 0234 0235 0236 0237 0238 0239 0240 0241 0242 0243 0244 0245 0246 0247 0248 0249 0250 0251 0252 0253 0254 0255 0256 0257 0258 0259 0260 0261 0262 0263 0264 0265 0266 0267 0268 0269 0270 0271 0272 0273 0274 0275 0276 0277 0278 0279 0280 0281 0282 0283 0284 0285 0286 0287 0288 0289 0290 0291 0292 0293 0294 0295 0296 0297 0298 0299 0300 0301 0302 0303 0304 0305 0306 0307 0308 0309 0310 0311 0312 0313 0314 0315 0316 0317 0318 0319 0320 0321 0322 0323 0324 0325 0326 0327 0328 0329 0330 0331 0332 0333 0334 0335 0336 0337 0338 0339 0340 0341 0342 0343 0344 0345 0346 0347 -13/4/2009-
Daily Trading Account (Work-in-Progress)
Sales 1118-1129 Sales 1130-1141 Sales 1142-1153 Sales 1154-1165 Sales 1166-1177 Sales 1178-1189 Sales 1190-1201 Sales 1202-1213 Sales 1214-1225 Sales 1226-1237 Sales 1238-1249 Sales 1250-1261 Sales 1262-1273 Sales 1274-1285 Sales 1286-1297 Sales 1298-1309 Sales 1310-1321 Sales 1322-1333 Sales 1334-1345 Sales 1346-1357 Sales 1358-1369 Sales 1370-1381
STTS Points Movement
0001 0002 0003 0004 0005 0006 0007 0008 0009 0010 0011 0012 0013 0014 0015 0016 0017 0018 0019 0020 0020b 0020c 0020d 0021 0021b 0021c -9/1/2009-
STTS Points as at 8/2/2009
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