TF-1149
- Thread starter Prudence
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If you faked your death, any outstanding assets would be auctioned off, your accounts would be frozen, amongst other things. If you sold everything off and withdraw all your funds before taking your death, that would be suspicious as hell and no one would buy the ruse.
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Yeah, it's why any kind of stunt you guys try and pull to get out of your debts is going to leave you worse off than before. Especially now that you're working for Norb'all, which will have a host of other consequences.
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*ears burn*
Howdy Folks,
Firstly, I would like to make it clear that there is a difference between liquid assets and solid assets. Liquid being 'cash in hand' and solid being 'assets you have for a long time (buildings and ship)'.
With this in mind, I have taken a little gander at the KES assets and this thread:
The KES has 5,000,000 in Liquid Assets. For the sake of this my argument it is in a suitcase on their ship. They then have one frigate. The building on the DSC we can assume are either rented, or have been purchased, for this I am going to assume the latter. This means they have roughly 10-15 Million in Solid Assets.
You cannot spend a solid asset, unless you sell them and convert them into cash. So the KES currently has 5,000,000.00 in cash that can be traced and seen.
As they have run away from the Vesajilic Deal, and currently Nor'baal the Hutt is unaware of this, they are currently safe from the Bounty on them I would assume. However, should the KES attempt to seel any of their Solid Assets in order to raise money for the this asteroid base, then the DSC would notify Nor'baal Vesajilic, given that it was agreed that 100% ownership of the KES would be transferred to Nor'baal, and this was broadcast across Hutt space in the thread 'A Vesajilic always pays his debts.' - so no such sale would be successful.
I personally doubt that a secret asteroid base could be constructed for 5,000,000 credits, it is however worth bearing in mind that the sorts of prices we pay for houses in the UK and USA are enormous compared to Houses in Africa and the Middle East. So, whilst it would cost more the 5 Million to Build this base, if it is in the outer-rim, where things are presumably cheaper, then it could cost somewhere in the region of 40 Million, instead of say 100-140 Million.
The fact the KES is in debt to the Hutts, and probably has a large debt in its bank accounts due to the Hutt deal in which they lost a lot of money, doesn't really matter as the KES are on the run. They are not really going to be using their bank accounts when on the run, instead relying on their cash in hand - which for the benefit of the doubt, they probably have on their last remaining ship.
In short - the KES probably have 5 Million in Cash with them, are in debt in their bank accounts, and cannot sell the assets of the KES given that doing so would flag those assets up as belonging to the Hutt Cartel.
Howdy Folks,
Firstly, I would like to make it clear that there is a difference between liquid assets and solid assets. Liquid being 'cash in hand' and solid being 'assets you have for a long time (buildings and ship)'.
With this in mind, I have taken a little gander at the KES assets and this thread:
The KES has 5,000,000 in Liquid Assets. For the sake of this my argument it is in a suitcase on their ship. They then have one frigate. The building on the DSC we can assume are either rented, or have been purchased, for this I am going to assume the latter. This means they have roughly 10-15 Million in Solid Assets.
You cannot spend a solid asset, unless you sell them and convert them into cash. So the KES currently has 5,000,000.00 in cash that can be traced and seen.
As they have run away from the Vesajilic Deal, and currently Nor'baal the Hutt is unaware of this, they are currently safe from the Bounty on them I would assume. However, should the KES attempt to seel any of their Solid Assets in order to raise money for the this asteroid base, then the DSC would notify Nor'baal Vesajilic, given that it was agreed that 100% ownership of the KES would be transferred to Nor'baal, and this was broadcast across Hutt space in the thread 'A Vesajilic always pays his debts.' - so no such sale would be successful.
I personally doubt that a secret asteroid base could be constructed for 5,000,000 credits, it is however worth bearing in mind that the sorts of prices we pay for houses in the UK and USA are enormous compared to Houses in Africa and the Middle East. So, whilst it would cost more the 5 Million to Build this base, if it is in the outer-rim, where things are presumably cheaper, then it could cost somewhere in the region of 40 Million, instead of say 100-140 Million.
The fact the KES is in debt to the Hutts, and probably has a large debt in its bank accounts due to the Hutt deal in which they lost a lot of money, doesn't really matter as the KES are on the run. They are not really going to be using their bank accounts when on the run, instead relying on their cash in hand - which for the benefit of the doubt, they probably have on their last remaining ship.
In short - the KES probably have 5 Million in Cash with them, are in debt in their bank accounts, and cannot sell the assets of the KES given that doing so would flag those assets up as belonging to the Hutt Cartel.
TheSilentWind
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Sorry for stating this Norbs but I don't believe the Bounty would still be dead since I believe the bounty came from the Grand Loorda(and may or may not have been publicly stated by someone else). Maybe @ZayPat can clear this up?
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I was factoring in Outlanders earlier post. From his calculations, you would have 5 Million left to pay staff, fuel, munitions, running costs etc, if for some reason this asteroid base was built on time, undetected, and on budget.
I also think that going on the run would cost money, for example bribing everyone you see to not turn you over as a runaway slave.
I also think that going on the run would cost money, for example bribing everyone you see to not turn you over as a runaway slave.
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Prudii you said Brett would handle it and he disputed your 60 million claim instead giving 26 million. Then you lost 10 million of that because Nor'baal pointed out the apartments aren't yours to sell to begin with so your down to 16 million and that's if your solid assets haven't already been claimed towards paying off your debts which costs you the 6 million from the warehouse.
You don't have 60 million, you never had 60 million. Even your partner whom you stated handled the finances more then you said you didn't have even half that much money.
Using his numbers you had 10 million and that's if you canceled the Siren as well which is not even close to enough to build that facility.
You don't have 60 million, you never had 60 million. Even your partner whom you stated handled the finances more then you said you didn't have even half that much money.
Using his numbers you had 10 million and that's if you canceled the Siren as well which is not even close to enough to build that facility.
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Actually we do have 60 million. What my partner was saying was that once the base is paid for, without the siren, we would have 10 million. Then after liquidating assets we would have 26. We don't own the apartments so minus 10 would be 16. That was AFTER construction.
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Well, if we take that the KES has as 'cash in hand' 60,000,000.00.
We then deduct a bare minimum of 40,000,000.00 from that for the construction of this station, we then add the 'Siren' to that estimate, bringing you to a total of 55,000,000.00 spent in total. Now, this is working on the very odd assumption that the KES carries around all its money in cash form - however I suppose if they had been planning on going on the run then that is possible. You then need to pay interest on your vast debt in the bank (which you can also run from). However, you have 400 staff to pay, plus their food, the fuel for these ships, as well as the cost of bribing people you purchased the materiel to build this asteroid base from.
Unless of course you purchased all the materiel in small amounts from hundreds of traders so as to keep it off the radar - but this would spike the price by a huge amount.
In short - building this base would leave the KES without the money to pay to run it, or to fund the KES staff. Put yourselves in the shoes of the KES Staff, you're not being paid, but if you send to Co-Ordinates of this base to the Cartel, you could potential get a nice little 300K from them for ratting your friends out.
The base is unaffordable in my eyes, and is a bit of a knee jerk reaction to the KES not being given a fleet by the Cartel. My suggestion, take your last ship, become pirates or guns for hire - maybe even both. This base would bankrupt you even more, and probably cause your own staff to turn you in.
EDIT - You cannot liquidate assets that are owned by Nor'baal the Hutt. Trying to do so would be flagged up, and Nor'baal would find out someone was trying to sell his assets.
We then deduct a bare minimum of 40,000,000.00 from that for the construction of this station, we then add the 'Siren' to that estimate, bringing you to a total of 55,000,000.00 spent in total. Now, this is working on the very odd assumption that the KES carries around all its money in cash form - however I suppose if they had been planning on going on the run then that is possible. You then need to pay interest on your vast debt in the bank (which you can also run from). However, you have 400 staff to pay, plus their food, the fuel for these ships, as well as the cost of bribing people you purchased the materiel to build this asteroid base from.
Unless of course you purchased all the materiel in small amounts from hundreds of traders so as to keep it off the radar - but this would spike the price by a huge amount.
In short - building this base would leave the KES without the money to pay to run it, or to fund the KES staff. Put yourselves in the shoes of the KES Staff, you're not being paid, but if you send to Co-Ordinates of this base to the Cartel, you could potential get a nice little 300K from them for ratting your friends out.
The base is unaffordable in my eyes, and is a bit of a knee jerk reaction to the KES not being given a fleet by the Cartel. My suggestion, take your last ship, become pirates or guns for hire - maybe even both. This base would bankrupt you even more, and probably cause your own staff to turn you in.
EDIT - You cannot liquidate assets that are owned by Nor'baal the Hutt. Trying to do so would be flagged up, and Nor'baal would find out someone was trying to sell his assets.
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No Prudii you don't. Read his post. It was done in response to the question of where you got the cash to build the facility from. Not how much you would have left afterwards. He gave you an initial sum of 26 million to build the facility, you lost 10 with the apartments. Potentially lost 6 more with the warehouse then gained 9 million by losing the Siren.
Those numbers were explained and can be proven. Your 60 million so far has not been explained beyond you stating you have it which is not proof and your own partner has disputed you. You do not have 60 million to build the facility and you never did.
Those numbers were explained and can be proven. Your 60 million so far has not been explained beyond you stating you have it which is not proof and your own partner has disputed you. You do not have 60 million to build the facility and you never did.
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It would leave us with 5 million, 20 million if we ditch the Siren which I'm inclined to do. That's enough to operate the base until we can get our shit together and figure out how to make money.
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My partner didn't dispute it, but when he gets back at roughly 3:30 EST I'll allow him to tell you that.