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See here: https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde_corporation_looses_2_trillion_isk/jerlmhg/ https://old.reddit.com/r/Eve/comments/12a6szd/

by Lazare 3y ago

See here: https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde_corporation_looses_2_trillion_isk/jerlmhg/ https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde... I haven't personally confirmed it, but it seems that there were only 1k shares outstanding, meaning that Flam Hill somehow had the original 1k created when the company was founded. This would be a slightly more interesting story if someone found a company where, say, 90% of the outstanding shares were owned by inactive accounts, sneakily acquired 6% on the cheap, and then started and won a vote to become CEO, but it doesn't seem like that happened here. (Assuming that pseudononymous Reddit claim was correct, of course.)

bscphil 3y ago
Thanks, that's an interesting find. Although it makes the story more confusing, doesn't it? Why bother with voting for CEO while everyone is offline and hoping no one notices, if you have 100% of shares and can be guaranteed to win any election? Or if the part of the story about the election was false, then why? What purpose would misdirection serve?
- Lazare 3y ago
  I suspect the answer may relate to why "Flam Hill" is being so purposefully vague about how he acquired the shares. But you're right, the story doesn't really make a lot of sense.
  - JCharante 3y ago
    I suspect someone paypal'd the original Flam Hill to buy his character when Flam Hill wanted to quit, extracted his skill points (the character went AFK in 2017 right? 2016-2017 was the time when skill extractors were new and it was profitable to buy character and skill extract them for a profit) then a few years later he discovered the char owns shares in a big corp. If it was real money trading in exchange for the character then they wouldn't want to say it outloud.
- Winsaucerer 3y ago
  Everything in EVE Online takes time. Presumably, they wanted to do it at a time where no-one is likely to notice it's happening, so the victims don't have time to transfer assets out of the corporation before the new CEO gains power and can lock everyone else out/loot everything.
Winsaucerer 3y ago
1,000 shares is the default amount of shares any newly created corporation has, and iirc you need to transfer them to yourself if you want to protect your enterprise. So it wouldn't surprise me if there were indeed only exactly 1,000 shares.

by Lazare 3y ago

bscphil 3y ago

Thanks, that's an interesting find. Although it makes the story more confusing, doesn't it? Why bother with voting for CEO while everyone is offline and hoping no one notices, if you have 100% of shares and can be guaranteed to win any election? Or if the part of the story about the election was false, then why? What purpose would misdirection serve?

Lazare 3y ago
I suspect the answer may relate to why "Flam Hill" is being so purposefully vague about how he acquired the shares. But you're right, the story doesn't really make a lot of sense.
- JCharante 3y ago
  I suspect someone paypal'd the original Flam Hill to buy his character when Flam Hill wanted to quit, extracted his skill points (the character went AFK in 2017 right? 2016-2017 was the time when skill extractors were new and it was profitable to buy character and skill extract them for a profit) then a few years later he discovered the char owns shares in a big corp. If it was real money trading in exchange for the character then they wouldn't want to say it outloud.
Winsaucerer 3y ago
Everything in EVE Online takes time. Presumably, they wanted to do it at a time where no-one is likely to notice it's happening, so the victims don't have time to transfer assets out of the corporation before the new CEO gains power and can lock everyone else out/loot everything.

Winsaucerer 3y ago

1,000 shares is the default amount of shares any newly created corporation has, and iirc you need to transfer them to yourself if you want to protect your enterprise. So it wouldn't surprise me if there were indeed only exactly 1,000 shares.