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Topic created : 10 February 2012, 07:02

Last time edited : 10 February 2012, 08:25

Mike1

Moderator

Mico Inc

I am a supporter and occasional helper at the Starterfund. Just to see how it goes and if there is anything i could supply i had a visit today.
Noting that the fund keeps loosing money again by buying at (much) higher cost than selling. Which is in some cases understandable, however there is two things to point out:

- the Fund sells oranges at 50 to JALM International who has more than 10 B of assets
- the Fund BUYS oranges @ 4620 from JALM International. In this way, cash of 228 Million is removed from the fund by JALM every turn, if i understand the report correctly this is being done since at least 15 turns = 3.5 Billion of cash to JALM
- the fund also sell oranges at 50 to MOCHA Industries, who has assets of more than 14 B

Who is managing the fund now? Certainly, fund supporters would like to see a good explanation for this matter.

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10 February 2012, 12:03

VLLord

Golden Empire

Hello Mike,

I'm the manager at the moment. Appr. once a week I check most of the orders and remove all black companies from the list (unfortunately, most of players don't break their orders themselves after reaching 10b point). A week ago both of these companies were red and today they will be taken out from the list. Thank you for turning my attention to this problem.

Btw, there is another problem which seems much more important to me, namely, the Fund is loosing newbies. A year ago the number of users surpassed 100, while now it's smth like 20 or 30 and is still decreasing. Fund even offers fish and salmon, but the amount of orders is 0! How do you think, is there any way to attract new users to the Fund or we'll just close it in 1 or 2 months?

10 February 2012, 13:43

Last time edited : 10 February 2012, 13:44

Mike1

Moderator

Mico Inc

JALM International, shame on you! Are you gonna return these monies to the fund or what?

VLLord, what about your confidence that all those recent game changes will NOT kill the game? So there should be a bottom for the downtrend of fund users as every new user would welcome the existence of the fund. Less users = less work, that shouldn't be bothersome for a non-profit organisation. just keep the eyes on the balance sheet So-so

10 February 2012, 15:38

Last time edited : 10 February 2012, 15:40

Yasaro

Mocha Industries

This was absolutely my bad things are growing too fast for me and I just passed 10b in assets (3 days to be exact). I know I should have cancel orders because of that reason I am so sorry. If you want it I will return all items that I purchased last 3 days, this is at least I can do right now.

Thanks to Starterfund without its help I wouldnt reach 10b assets in 35 days.

Sorry for the inconvinience.

10 February 2012, 21:12

Melchior2008

RoMa Inc.

Buying and reselling to the Starter Fund ? Man, that's evil ! You think that's how you do business ? Actually, yes Ridiculously

But not at the expense of the Starter Fund ! So-so

I guess you'll write a check to the Fund, now, won't you ? You can leave the space empty for the amount Yes

10 February 2012, 22:06

Last time edited : 10 February 2012, 22:09

JLMonckton

JALM International

Hello Everyone,

Sorry about this, I remember putting up some of the oranges for sale a while back just after I went bankrupt due to inactivity, I realise reselling is not appropriate but as I was trying to stop a company from going under I thought it would be ok for a week. However It was unintentional to leave the goods open to the public market and it seems that as I did not cancel the order it has continued to grow.

I realise I have just gone over the 10B assets mark this last week also so big thanks to the Starterfund in aiding new players. I would be glad to donate some of my goods to it in the future

My apologies, if Mike or VVlord would like to send me a message with how to transfer funds to the starterfund, I will happily return the funds.

JLMonckton
JALM INTERNATIONAL

10 February 2012, 22:22

VLLord

Golden Empire

Apologies accepted. You may become a sponsor of Fund: just find a warehouse selling grain with an appropriate name.

10 February 2012, 23:31

myklo

MXM

WARCHILD

The fact that a Starter Fund is even needed is a sign that things are very wrong.Jalm's excuses were pathetic and kudos to Melchior2008 for uncovering the situation and not mincing words.

11 February 2012, 01:31

Melchior2008

RoMa Inc.

JLMonckton
Hello Everyone,

Sorry about this, I remember putting up some of the oranges for sale a while back just after I went bankrupt due to inactivity, I realise reselling is not appropriate but as I was trying to stop a company from going under I thought it would be ok for a week. However It was unintentional to leave the goods open to the public market and it seems that as I did not cancel the order it has continued to grow.

I realise I have just gone over the 10B assets mark this last week also so big thanks to the Starterfund in aiding new players. I would be glad to donate some of my goods to it in the future

My apologies, if Mike or VVlord would like to send me a message with how to transfer funds to the starterfund, I will happily return the funds.

I had forgot about JALM INTERNATIONAL until I saw your name, JL, and suddenly it sounded familiar. I remember now we did some business some time ago. And it was legit So-so

Let's keep it this way Well

11 February 2012, 01:33

Melchior2008

RoMa Inc.

myklo
The fact that a Starter Fund is even needed is a sign that things are very wrong.Jalm's excuses were pathetic and kudos to Melchior2008 for uncovering the situation and not mincing words.

Mike1 is the Sentinel on this one So-so

11 February 2012, 02:50

JLMonckton

JALM International

Melchior2008
I had forgot about JALM INTERNATIONAL until I saw your name, JL, and suddenly it sounded familiar. I remember now we did some business some time ago. And it was legit Let's keep it this way

I believe we did, possibly early last year just before I was pushed out of the Protein market, I was making most of my money there, until I lost a big market share due to costs. Hopefully with continued growth we can do some business again sometime.

11 February 2012, 13:44

Last time edited : 11 February 2012, 14:04

Mike1

Moderator

Mico Inc

I appreciate both players explaining their situation and accept your explanation, Yasaro:

JLMonckton still selling Fund oranges to the open market. My verdict:

11 February 2012, 21:57

Melchior2008

RoMa Inc.

JLMonckton
Melchior2008
I had forgot about JALM INTERNATIONAL until I saw your name, JL, and suddenly it sounded familiar. I remember now we did some business some time ago. And it was legit Let's keep it this way

I believe we did, possibly early last year just before I was pushed out of the Protein market, I was making most of my money there, until I lost a big market share due to costs. Hopefully with continued growth we can do some business again sometime.

I had bought you some protein cocktails, indeed. Maybe we do some business again, unless Mike1 finds you and gets you hanged Very we!

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