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Loan - 500 milll ISK uncollateralized - 10% interest - 1 month
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Axton Kashuken
We make things.... I think
We trade things... I think
#1 - 2013-08-19 01:52:02 UTC  |  Edited by: Axton Kashuken
Lets get to the first question I know you all have:
Why should I invest in you and trust you without collateral?
I have no idea. Maybe you're as crazy as I am (for asking for this loan).

Why do I need your isk?
I need more capital to fuel my manufacturing lines.
Can you elaborate?
I am trying to expand my enterprises and need more isk to produce higher isk per hour products.

Start date: When I get an investor's isk.

End date: 1 month from start date (can be continued if results are satisfactory to me and the investor).

Interest: 10% per month

Collateral: Nope.
Admiral PizzaRoll
Krull Serenity
#2 - 2013-08-19 02:54:53 UTC
lol.

This might be too terrible to be a scam.
Axton Kashuken
We make things.... I think
We trade things... I think
#3 - 2013-08-19 03:05:00 UTC
Admiral PizzaRoll wrote:
lol.

This might be too terrible to be a scam.


Please explain.
RubyPorto
RubysRhymes
#4 - 2013-08-19 08:06:29 UTC
Axton Kashuken wrote:
Why do I need your isk?
I need more capital to fuel my manufacturing lines.
Can you elaborate?
I am trying to expand my enterprises and need more isk to produce higher isk per hour products.



So why not use the blueprints as collateral?

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Logical Chaos
Very Italian People
The Initiative.
#5 - 2013-08-19 09:24:25 UTC
RubyPorto wrote:
Axton Kashuken wrote:
Why do I need your isk?
I need more capital to fuel my manufacturing lines.
Can you elaborate?
I am trying to expand my enterprises and need more isk to produce higher isk per hour products.



So why not use the blueprints as collateral?


I think Blueprints as Collateral are a terrible idea. Unless you plan to move location it does not matter to the producer if they are locked in place and someone holds the shares. Unless of course you are also the CEO or Director of the Corp. Which is a major inconvenience for the person "holding" the collateral by having to waste one character slot.

Because I know since the introduction of dual character training I don't have any more free character slots, especially not for securing 500m :P.

Back to the loan itself: 5% is WAYYYYY too low for a non-collateral loan.
RubyPorto
RubysRhymes
#6 - 2013-08-19 10:03:35 UTC
Logical Chaos wrote:
I think Blueprints as Collateral are a terrible idea. Unless you plan to move location it does not matter to the producer if they are locked in place and someone holds the shares. Unless of course you are also the CEO or Director of the Corp. Which is a major inconvenience for the person "holding" the collateral by having to waste one character slot.

Because I know since the introduction of dual character training I don't have any more free character slots, especially not for securing 500m :P.

Back to the loan itself: 5% is WAYYYYY too low for a non-collateral loan.



Blueprints as collateral beats no collateral, and I've got character slots to spare.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Axton Kashuken
We make things.... I think
We trade things... I think
#7 - 2013-08-19 13:21:25 UTC
RubyPorto wrote:
Logical Chaos wrote:
I think Blueprints as Collateral are a terrible idea. Unless you plan to move location it does not matter to the producer if they are locked in place and someone holds the shares. Unless of course you are also the CEO or Director of the Corp. Which is a major inconvenience for the person "holding" the collateral by having to waste one character slot.

Because I know since the introduction of dual character training I don't have any more free character slots, especially not for securing 500m :P.

Back to the loan itself: 5% is WAYYYYY too low for a non-collateral loan.



Blueprints as collateral beats no collateral, and I've got character slots to spare.


I only have about 150m of blueprints, and I kind of need them to produce anything. I have about 300-400m of minerals, which I need to produce anything. I have nothing I can offer as collateral.
Axton Kashuken
We make things.... I think
We trade things... I think
#8 - 2013-08-19 13:24:36 UTC
Logical Chaos wrote:
RubyPorto wrote:
Axton Kashuken wrote:
Why do I need your isk?
I need more capital to fuel my manufacturing lines.
Can you elaborate?
I am trying to expand my enterprises and need more isk to produce higher isk per hour products.



So why not use the blueprints as collateral?


I think Blueprints as Collateral are a terrible idea. Unless you plan to move location it does not matter to the producer if they are locked in place and someone holds the shares. Unless of course you are also the CEO or Director of the Corp. Which is a major inconvenience for the person "holding" the collateral by having to waste one character slot.

Because I know since the introduction of dual character training I don't have any more free character slots, especially not for securing 500m :P.

Back to the loan itself: 5% is WAYYYYY too low for a non-collateral loan.


Alright, thanks for the criticism, I've upped the interest rate to 10%.
Logical Chaos
Very Italian People
The Initiative.
#9 - 2013-08-19 14:22:04 UTC
Axton Kashuken wrote:
Logical Chaos wrote:
RubyPorto wrote:
Axton Kashuken wrote:
Why do I need your isk?
I need more capital to fuel my manufacturing lines.
Can you elaborate?
I am trying to expand my enterprises and need more isk to produce higher isk per hour products.



So why not use the blueprints as collateral?


I think Blueprints as Collateral are a terrible idea. Unless you plan to move location it does not matter to the producer if they are locked in place and someone holds the shares. Unless of course you are also the CEO or Director of the Corp. Which is a major inconvenience for the person "holding" the collateral by having to waste one character slot.

Because I know since the introduction of dual character training I don't have any more free character slots, especially not for securing 500m :P.

Back to the loan itself: 5% is WAYYYYY too low for a non-collateral loan.


Alright, thanks for the criticism, I've upped the interest rate to 10%.


That's better.

Now there remains the problem that you are posting with a character that is 1month and 13 days old without a corp history or anything. If that is not your main you should probably post with him instead to raise your chances.
I Was There
Habemus
#10 - 2013-08-19 14:57:49 UTC  |  Edited by: I Was There
I negotiated with Axton ingame, and we settled at 500m loan for 14 days at 7.5% interest.
It'll start the 20th of August.

I'll receive 537.5m on 3rd of September 2013
Axton Kashuken
We make things.... I think
We trade things... I think
#11 - 2013-08-19 14:58:03 UTC
Loan secured.

500m for 14 days at 7.5%

The loan will start 8/20/13

the loan will end 9/3/2013
Axton Kashuken
We make things.... I think
We trade things... I think
#12 - 2013-09-02 18:05:57 UTC
Interest has been paid.

The loan has now been extended another month at an interest rate of 12.5%.

Start date: September 3, 2013

End date: October 3, 2013

Interest: 12.5%

End Payment: 562.5 mill to I Was There
I Was There
Habemus
#13 - 2013-09-02 18:07:02 UTC
I've received the 37,5m isk today, and agreed to extend the loan.
-IWT
I Was There
Habemus
#14 - 2013-10-02 14:24:14 UTC  |  Edited by: I Was There
Payment is today.

EDIT: No sweat. Isk received on time.
Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#15 - 2013-10-02 16:19:49 UTC
I Was There wrote:
Payment is today.

Holds breath
Private Pineapple
Brutor Tribe
Minmatar Republic
#16 - 2013-10-02 16:28:27 UTC
I Was There wrote:
Payment is today.


Axton Kashuken wrote:
End date: October 3, 2013

.
Tigerras
Smash Incorporated
#17 - 2013-10-02 16:36:48 UTC
Don't worry, if he doesn't pay you can just cash in his collateral.....

Oh, right....

still, 500m is barely worth stealing. Make that 463.5m
I Was There
Habemus
#18 - 2013-10-02 19:37:29 UTC
Wait... I guess we're doing it in different ways. I always assume it's 1month from the day the money is sent, and not the day after. Ohwell. I doubt he'd run off with my 500m.
Tigerras
Smash Incorporated
#19 - 2013-10-02 19:40:46 UTC
I Was There wrote:
Wait... I guess we're doing it in different ways. I always assume it's 1month from the day the money is sent, and not the day after. Ohwell. I doubt he'd run off with my 500m.


If so, you can hunt the most dangerous game....man.
Axton Kashuken
We make things.... I think
We trade things... I think
#20 - 2013-10-03 19:01:20 UTC
this loan has been paid! WOOOOOOH
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