Date: Sat, 08 May 1999 23:37:38 +1100
From: Ian or Katts
Subject: G:T Far Trader - random thoughts and campaign seeds
Therefore, the starport authorities should either expidite a market-sharing arrangement, or assist either or both captains in finding a speculative cargo, or both.
Note that markets without any routes have only tramp traders, so freight rates for what cargo is there are at full 'tramp' rates - Cr 650 per parsec!
If you own a ship, spin off a second unrelated company. This formerly independant company then leases the ship off the first company. Because the mortgage is owned by the first company, the second company is unencumbered for purposes of borrowing money, and thus doesn't cop a -1 DM for having an outstanding loan (that loan belongs to the first company, which merely shares directors with the second company). You could also shift assets between the two companies for when you need the same item to serve as collateral for two (or more) loans, but thats getting into the matter discussed on p46. Shifting the profits around might be a better idea, by renegotiating the lease agreement when you need to shift profits around in order to make sure the Annual Income turns up on the balance sheet of the company that is about to go for the next loan.
Having His Maj as a shareholder has it's advantages, but it also leads to that boring oversight thing. The correct method is to create a number of subsiduary companies (one per planet), and have them wholly owned by the holding corporation, which is a Limited Imperial Corporation. This way, the books of the LIC are nice and simple, while each of the subsidiaries can bask in the warm glow of being wholly owned by a LIC ("Arguvid Trading, part of the District 268 Company LIC"). All the Ministry of Commerce gets to see is a bank draft for their 2% of the dividends, plus an Annual Report that says "Arguvid Trading remitted a profit of KCr 332, with KCr 219 retained. Shoshane Development announced a loss. Snellmore Group remitted a profit of KCr 26. Total revenue of D268 LIC was therefore KCr 139, which is hereby remitted to shareholders". Let em audit that ...
This is probably most effective when trying to destroy the value of a stock. The easiest company to destroy is your own. If you arrange to lose money in a given year, then for the investigation of a board director, then negative press should follow, then the value of the company's stock should head towards the cellar with all due speed.
All this bad news should result in very little competition for any newly-released shares, which could be useful to push the ownership level back up to over 50%.
The offending director can then be released, profits pulled back from the hollow logs in which they were stashed, and positive press arranged.
Of course, if you notice being done to another company, then it could be an excellent time to grab a strategic stake ...