Emeritus Industries: Who Owns It?

[Alicia Drey]

| [member="Særa Ayña Savan"] | [member="Vitor Imperieuse"] |

I remain unsure as to whether or not this requires RPJ / Admin intervention. I think, at the moment, it is an issue for the Factory to deal with and so I am beginning this thread to start a conversation with the Factory and the writers of Vitor and Saera.

I was unaware that Ri'ess Regal Drive Industries and Emeritus Industries had merged together. I am not even sure when this occurred. But I became aware of this a month ago, when I begun researching into what I owned and did not own, so that I could come up with a rough estimate of my net worth. In Character, this is important for me, as my roleplay revolves around what I can buy and sell so as to forward the agendas of my character.

I became the part owner of Emeritus Industries last year, just prior to [member="Circe Savan"]'s death. My shares in Emeritus worked out at 50%, so I was joint owner with Savan just before she died. If you're not aware, I was behind her death and I think it's important to include that, so that I don't appear dishonest. Saying that, nobody (as far as I know) is aware how Savan died, and considering her status IC, nobody seemed to care or paid much attention to it.

I have since been on two LOAs. The first was just after Circe's death, which last until October 2015 and another quite recently, which lasted between February 19th to March 21st of this year. I am pretty sure Emeritus Industries hadn't yet merged with Ri'ess at this time and I still retained my 50% share in the company.

Now that we've clarified all of the above, I'll put forward my dispute.

The merge between Ri'ess Regal Drive Industries and Emeritus Industries undermines my position IC and it was done without my awareness. I did not agree for my shares to be distributed evenly between myself, Vitor and Saera, so does this mean I am the majority shareholder in the company? In the current incarnation of this submission, it says that Vitor is the owner and that myself and Saera are part-owners. But how could this be possible, given that I did not agree to sell my shares or distribute them to the others?

And what are the legal ramifications of this merge? Given that it was done without my awareness and certainly without my permission, could I possibly dispute that the merge ever occurred? I'm just not sure where I stand in all of this.

I tried to speak to the writers of Vitor and Saera on Skype just prior to my last LOA in February and the consensus was that they didn't know either and that I shouldn't really care because it's just a game. But the honest truth is that this merge weakens my position IC if it isn't resolved soon and so that is why I have begun this thread to get a clearer consensus.

My current understanding of these events concludes that I still have my 50% share and that Vitor and Saera have split their shares in the company to 25% each due to this merge, if the merge was even legal and legit in the first place.

Ri'ess-Emeritus Industries

 

[Jeron Verity]

[member="Alicia Drey"]


Sometimes I browse things when I'm bored, knew I saw this.

Company: Emeritus Industries
Modification Made: Ownership
Rationale: Change of ownership

Pertient Development Threads:

• %5Bx%5D - [ Alicia Drey and Circe Savan meet in her laboratory to discuss the future of Savan's corporation. With the disapperence of Ayden Cater, Savan signs Cater's shares to Alicia Drey, becoming it's joint owner at 50% ]

New Submission:

Spoiler

Ownership:

• Owner: Circe Savan (Under Alias)
• Co-Owner: Ayden Cater (Under Alias) (old) -> Alicia Drey

Edit 1: I was quick on that post, but the one where they merged, I know I saw it somewhere. I feel like Vitor posted it, but I'm not finding the post. I feel it was recent...


Edit 2: Was wrong, was Chesire

TEMPLATE:

Company: Ri'ess Regal Drive Industries and/or Emeritus Industries (feel free to archive the one you don't change)
Modification Made: Everything including title
Rationale: Corporations are merged, also RRDI's history was made obsolete over the past two years.

Pertinent Development Threads:

• N/A

New Submission:

Spoiler

===== ===== =====

Corporation Name: Ri'ess-Emeritus Industries, Inc.
Headquarters:

• Sluis Van
• Sikune

Locations:

• Abregado-Rae – Production
• Malastare – Production
• Dentaal – Production
• Thyferra – Production
• Mnencheiasus – Minor Industrial Mining (Only 5 Facilities)
• Obredaan – Cortosis Mining & Refinement
• Crystalsong – Mnenchei Research & Development
• Pii Orbital Ring - Shipyard / Techno Union Sales
• Ansion – Private Security & Storage

Operations:

• Sub-Capital and Capital Shipwright
• Ship Supply & Maintenance
• Production of Arms, Armament, Ordinance, Military Vehicles, Droids and Planetary Defenses
• Independent Research & Development
• Corporate Industrial Mining

Rationale: Emeritus, the re-branding of the former Subach Innes, merged with Ri'ess Regal Drive under the majority ownership of Circe Savan, and became Ri'ess-Emeritus, which passed on to Vitor Imperieuse.
Tier: 4
Ownership:

• Chairman (Owner): Vitor Imperieuse
• Board of Directors (Co-Owners): Alicia Drey, Saera Savan

Subsidiaries:

• Mirage Cybernetics, Co.

Description:
Subach
A name that grates on many peoples' tongues. The former abomination of a company was, under the shadowy new owners, sent into seeming obscurity - though such is hardly the truth. The corporation was moved, but retained some of the same products and much of the same production staff. The company's interests now chiefly aligned with the Omega Protectorate, a stark difference from before, though some prior business connections were restored in time.

Ri'ess
Upon the realization that their manufacturers could be made into an independent company which developed for other galactic interests alike, and thus a greater profit could be made, Alachei Mnemenos of the Mnemenos Dynasty took official responsibility for the operation and converted it into an officially recognized corporation. No longer a part of the Mnenchei society itself, the company now had freedom to develop craft for other private interests as well as for free to the monarchy, and turn them a profit in the process. During the conversion from paramilitary to corporate sector, the MMS-0510 starfighter design also carried over with it, and from the 111th 510.A2 fighter to roll off the line onward it bore the RRDI trademark.

===== ===== =====

 

[Onrai]

Assume for a moment that Emeritus and Ri'ess have roughly the same amount of stock. Being that both were roughly equal-sized tier 3s, it's not implausible.

Vitor owns 50% of Emeritus. Alicia owns 50% of Emeritus. Vitor also owns over 50% of Ri'ess. Saera owns less than 50% of Ri'ess.

Assume the stock is added together with the merge. This effectively makes Vitor owner, with Alicia being the strongest co-owner at 25% and Saera being the weakest with less than 25%. That's my math from this anyways, and unless the RPJs are going to start a real stock market, that's how I envision such.

Now I'm going to sleep. It's 2:30 in the morning and I have better things to do than to fret about something on an RP site I really don't feel the muse for.

 

[Jeron Verity]

Assume for a moment that Emeritus and Ri'ess have roughly the same amount of stock. Being that both were roughly equal-sized tier 3s, it's not implausible.

Vitor owns 50% of Emeritus. Alicia owns 50% of Emeritus. Vitor also owns over 50% of Ri'ess. Saera owns less than 50% of Ri'ess.

Assume the stock is added together with the merge. This effectively makes Vitor owner, with Alicia being the strongest co-owner at 25% and Saera being the weakest with less than 25%. That's my math from this anyways, and unless the RPJs are going to start a real stock market, that's how I envision such.

Now I'm going to sleep. It's 2:30 in the morning and I have better things to do than to fret about something on an RP site I really don't feel the muse for.

You don't get to make a merger decision at 50% stake, so that doesn't make 25% since Alicia never agreed to it. Two owners, two decisions.

That is equally no different from someone with 1% stake making a merge decision.

 

[Alicia Drey]

[member="Vitor Imperieuse"]

I didn't start this thread to try and get one up on you. See, I wasn't aware that you owned 50% of Ri'ess at the time of the merge, nor was I aware that Saera owned less than 50%. Does that mean there was a fourth party involved in Ri'ess aswell? That would mean more shares were diverted, decreasing my stock and standing in the company.

Surely I would be owed some money for this merge? Why wasn't I consulted? I'm not the one responsible for this mess.

[member="Galven Solomon"]

Cheers for finding that.

 

[Jeron Verity]

[member="Alicia Drey"]


Cheers for getting bored and waiting centuries for posts \o/

 

[Alicia Drey]

[member="Galven Solomon"]

The Imperial Remnant seizures etc were all void because I messed up on the contract. I guess that's the karma you get for trying to do underhand tactics for a quick buck.

 

[Onrai]

[member="Alicia Drey"]

Never said you did. Just said that Vitor owned more than 50%, so just us 3. So far as I care, the stock between companies was added together. Numerically, you have the same amount of stock you did when the company wasn't merged. It's just less of the overall stock pile. Heh, stock pile... That's funny.

You likely weren't consulted because at the time your storyline consisted of either getting out of or taking over Emeritus, giving the implication you really didn't care where the company went.

That said, it's not a massive issue. And I'd like to get some sleep so I can hopefully wake up tomorrow with some fragment of muse for this site, so I can enjoy RPing here and not feel like it's a persistent drag.

 

[Jeron Verity]

[member="Alicia Drey"]


Oh noooo! Not you, not you. I wasn't referencing you at all. I prowl about on other characters as well. And Galven is at a pit stop as a mission is is currently in he may get killed, so I have to wait for that to finish to do anything else

 

[Alicia Drey]

[member="Vitor Imperieuse"]

You've just impeached yourself. Like... That's so stupid it's unbelievable. Jesus Mark.

 

[Jeron Verity]

[member="Alicia Drey"]

Never said you did. Just said that Vitor owned more than 50%, so just us 3. So far as I care, the stock between companies was added together. Numerically, you have the same amount of stock you did when the company wasn't merged. It's just less of the overall stock pile. Heh, stock pile... That's funny.

You likely weren't consulted because at the time your storyline consisted of either getting out of or taking over Emeritus, giving the implication you really didn't care where the company went.

That said, it's not a massive issue. And I'd like to get some sleep so I can hopefully wake up tomorrow with some fragment of muse for this site, so I can enjoy RPing here and not feel like it's a persistent drag.

Assume for a moment that Emeritus and Ri'ess have roughly the same amount of stock. Being that both were roughly equal-sized tier 3s, it's not implausible.

Vitor owns 50% of Emeritus. Alicia owns 50% of Emeritus. Vitor also owns over 50% of Ri'ess. Saera owns less than 50% of Ri'ess.

Assume the stock is added together with the merge. This effectively makes Vitor owner, with Alicia being the strongest co-owner at 25% and Saera being the weakest with less than 25%. That's my math from this anyways, and unless the RPJs are going to start a real stock market, that's how I envision such.

Now I'm going to sleep. It's 2:30 in the morning and I have better things to do than to fret about something on an RP site I really don't feel the muse for.

But you said you owned 50% of Emeritus, just as Alicia did. I suppose it really isn't my problem, but in the real world... even if one person owns half a company, and the majority of another, they can't just merge the majority into the half if it is going to have major changes. Consuming a company and renaming all of its items/products/etc, is one thing, spreading shares is another -- a major change.



Sorry guys, I know it seems like the second time I rushed to Alicia's defense (No idea why I even am, probably just bored?), also... what I say is kind of common sense. Co owners stay Co-Owners, it's a position. Someone can own 50% and not have the co-owner position/title/rank

Last part redacted. Economic rules are rarely ever common sense, mostly for the selfish do they favor

 

[Onrai]

It's not the real world. It's a game. A game we're supposed to enjoy and have fun in. A game I haven't had the opportunity to find even the slightest modicum of pleasure in as of late. Practically the only reasons I still stick around are to ensure my stuff doesn't get Weedkillered for the third time, to talk to my friends, and to manage the Republic from a purely logistical side because I believe I've made too many enemies on the site to ever handle a position that would require me running my character in an open thread.

That said, Galven, it's not a big deal. We toss out varying arguments over things almost as much as 1890s New Yorkers tossed waste into the slum streets. No need to say sorry just for giving your viewpoint.

 

[Jeron Verity]

[member="Vitor Imperieuse"]

Snuffing someone out unwillingly is the exact opposite of fun, Vitor. Yes, it is not real life, it is a game, where we are supposed to have fun. Join in jolly cooperation

But what you did was basically fun out of someone elses mishap, which is wrong. You became complete owner by getting a plan of merger, without the co owners consent to the merger. Now IC their character can't continue whatever plans they had because you snuffed them out, on purpose.

 

[Jeron Verity]

For the Future, goodnight

Spoiler

We have to follow some sort of rules, because rules allow for consistent results. Sports are more satisfying when played by the rules, as are boardgames. Society has rules called 'laws' that are designed to allow for fair and equal treatment, peace and justice. However, if this action was done IC to steal the company from the other person, I don't feel the other party has any wrong doings if they choose to steal things from the company










Also, inb4 Valiens because drama

 

[Onrai]

The situation doesn't matter at this point. We're talking things out since Vazela apparently didn my want to remain a part of Emeritus in the first place. Will be a non-issue.

Also, this merger was done for OOC convenience, not out of some silly attempt to steal the conpany(which I've run for a couple years now).

IC-wise - I can only say this. When you've had all your corporate work ruined because a group of people decided to be assholes, and the staff tell you that you're going to have to rebuild everything from Tier 1, then you'll understand why I do what I do.

 

[Jeron Verity]

[member="Vitor Imperieuse"]


Just because you dealt with crap does not give you the right to put others through it or make their life bad. You lost things you worked hard for, boohoo, C'est la vie.

 

[Ashin Varanin]

Just as a side note, [member="Alicia Drey"], Circe sold the Annihilator patents to me. I'm on LOA, but I'm willing to sell them to you - I know that was your baby.

 

[Alicia Drey]

[member="Ajira Cardei"]

The plot thickens. I don't mind the Annihilator's belonging to others, I would just like to be able to manufacture them too. Could you lease the patents to me for a fee?

 

[Ashin Varanin]

[member="Alicia Drey"]

That's doable. I'm real swamped but I'll try and make something happen.

 

[Morse Sunrider]

[member="Vitor Imperieuse"]

I didn't start this thread to try and get one up on you. See, I wasn't aware that you owned 50% of Ri'ess at the time of the merge, nor was I aware that Saera owned less than 50%. Does that mean there was a fourth party involved in Ri'ess aswell? That would mean more shares were diverted, decreasing my stock and standing in the company.

Surely I would be owed some money for this merge? Why wasn't I consulted? I'm not the one responsible for this mess.

[member="Galven Solomon"]

Cheers for finding that.

[member="Alicia Drey"]

I know Matsu Ike bought from Cheshire 2% of the company from her stocks awhile ago for her to have less.