Market Discussions

hi

Welcome back, I suppose :p

I never offer collateral. If I wanted to offer collateral I'd just sell the stuff, have my own isk and not pay any dividends. The isk lost (the difference between the sell price and re-buy price), assuming I wanted to replace my sold assets in the future, would surely be less than the interest I'd pay over the term of the bond. It just makes no financial sense. I never had a problem filling a small bond without collateral before, and I was always very consistent in paying what I owed.

On the other hand, this subforum looks dead compared to last I was here.

Looks dead because the general view is:

- Bonds/IPOs? Don't invest, they are all scams.

- Secured bond? lol2%intrustkthxbai

- Wined and dined your way into filling your 1st, 2nd, 3rd bond/IPO? Rep grinding.

- Discussing the Markets? Manipulation attempt.

- [Thread] Noobie trader advice? Do your own research and find your own profit!

( Thanks Syds Sinclair )


There are only a few players that manage to get past this firewall, that is why you don't see too much action.
Try to start another bond. You will be considered scammer up to the last repayment. After that you will be considered just another rep grinder.

If you decide to start a bond I will help you out btw. You seem to be someone I can trust.

Good luck and welcome back.

@Candy:

I'm not sure why Brock and Cosmoray would be considered bad people to be tied to. The "tone" of your writing seems to imply that they perpetrated some sort of scam? All I can say to that is... if so, I'm entirely shocked, Cosmo seemed totally on the up and up to me, and Brock as well.

@Lux:

Yeah, that was kind of the case back in the day, but I think we wanted to believe that this could work. We were adding content in a way that was unintended and unregulated, and we could make it as complex or simple as we liked, we could make it fun and do it our way. I built connections with people over time, through my offerings. I did this by incentivising repeat participation, offering higher interest rates and share priority to those who'd invested with me before. All of this meant that when I opened an offering, I had a core of people that I had spoken with in-game and on the forums, who felt they could count on me to pay their money back and I could count on them to buy my shares.

Anyway, I'm almost certain I'll do another offering, and I'm sure there will be nay-sayers, but I don't reckon I'll have a problem scratching up a couple billion. Times can't have changed that much.

@Mme Pinkerton:

Aha, a familiar face!

Thanks Flake :)

Edit - Were they in on something together, or did they both just happen to scam? Were they big ones?

/me settles in for the gossip.

cosmoray' scam thread - it lead to some drama as he claimed to have fooled Vaerah Vahrokha's audit.

cosmoray claimed that it had all been a planned scam since the beginning, then he claimed to have pulled the trigger because of burnout and at the time there were also some pervasive rumors that he had gotten accounts banned prior to his 'scam'.

it's hard to say if he was the criminal mastermind he wanted himself to be remembered as or if he simply preferred the reputation of being a successful scammer over being a failed businessman.

I'm sure all sociopaths are nice until they reveal themselves.

I didn't mean to drag anything up about those 2, or let this thread degenerate into an MD thread, that's why I kept it vague. Apologies if the 'tone' was abrasive.

Just launch your bond and see what happens.

What sort of 'goods' are you looking to leverage, should it come to it?

Interesting, So something you intend to buy? If you have the isk, then why not follow your own advice (sell it).

As long as no isk is exchanged in between the 2 phases (selling unsecured at good rate(1) & Selling secured at crappy rate (2), you wont be accused of Trickery (buying collateral for (2) with borrowed isk from(1), as you noted 3 days later)

If you wanted to get a loan against an item (tech 2 rigged items w/e) there is a few pawn shops that do loans against those, If its a Blueprint stiplulate it in the terms that you want research added to it, do some homework on the ones that make an offer.