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2bil IPO(or is it bond?) -First TImer-

Author
Beta Bank
Dig Bicks Emporium
#1 - 2011-12-01 17:39:19 UTC
Hello gentlemen,

First time poster on MD so be gentle!

ABOUT ME

When sourcing ways to make isk to fund my PVP main i did a lot of reading about trading and remembered back to my days of playing elite and hauling stuff around.Things got off to a slow start but from an original seed of just 200mil ive clawed my way up increasing my NAV to around the 5/6billion mark.

HOW I MAKE ISK

I currently work out of NPC null sec supplying a Large alliance and their reds with various mods and ships.I average around a 20/30 percent margin on jita sell orders and the volume is very much comparable to a high sec hub. I invest back into the market the majority of the profit but it also pays for pvp ships and plex for my main.

WHY DO I WANT YOUR ISK

I have reached a point where the only thing holding me back from larger profits is the availability of liquid isk to myself.I need more stock in station at all times and also having liquid isk allows you to take opportunities when one comes along.

I will be completely honest with you all, I do not have the collateral to cover 2bil as the collateral i have is stock im selling in my current hub.I am however more than happy to undergo an Audit to prove my trading history.

Also another reason for the small amount is i would like to continue these offers in the future and when this is successfully satisfied i can hold another with some credibility.

MY TERMS

I am looking to borrow 2billion isk over 31 days with a 12percent return.I have already confirmed one investor who will be pledging 1billion who shall be posting shortly on the boards to confirm this.

This leaves another 1billion isk to raise.I am more than confident of being able to reach my goals and 12percent ROI is very much obtainable to me.

RISKS

Of course the risk i run away without providing a ROI is ever present with a first time IPO that is uncolateralized , that said for those who can see past that issue let me cover some things.

Logistically I am covered by black frog who i use for transportation between Jita and my hub so its fully collateralized by them.This means for the 95mil a week it costs me in transportation im fully covered should a jump freighter ever get ganked.

I will provide all the investors with my custom api so they can follow the investment and also check my back history if they so wish.

I wish to thank you for your time.Please get in touch via here or in game should you be interested.

Luxi Daphiti
Viziam
Amarr Empire
#2 - 2011-12-01 17:45:39 UTC
Lets see...

  • No history or references
  • No or little collateral
  • Operating in null sec
  • High interest rate

I'm going to pass on this one.
Beta Bank
Dig Bicks Emporium
#3 - 2011-12-01 17:52:01 UTC
Thanks for the reply Luxi

Thanks for pointing out what i already did in my own post! Very helpful :D

I have no previous bonds so cannot supply you with references or history apart from offering you a chance to look at it yourself.

No risk in nullsec as other people jump my stock in fully colateralized.Should it go pop i get my isk back.

And as for high interest rate as my first time bond i would like to make this appealing as possible so i can start on a reputation sooner rather than later.12percent is very much obtainable in my current hub.

Appreciate the bump tho!
Luxi Daphiti
Viziam
Amarr Empire
#4 - 2011-12-01 18:03:04 UTC
Beta Bank wrote:
Thanks for the reply Luxi

Thanks for pointing out what i already did in my own post! Very helpful :D

I have no previous bonds so cannot supply you with references or history apart from offering you a chance to look at it yourself.

No risk in nullsec as other people jump my stock in fully colateralized.Should it go pop i get my isk back.

And as for high interest rate as my first time bond i would like to make this appealing as possible so i can start on a reputation sooner rather than later.12percent is very much obtainable in my current hub.

Appreciate the bump tho!

No problem Blink And I was just pointing out the whole offer seems somewhat suspicious (then again, I'm paraniod! Lol)- even negating the null sec risk. And although I'm confident that you could no doubt make more then 12% on the loan (so you end in profit) most players generally start lower from what I've seen. Unless they're trying to incite players to commit ISK before running off with the cash.

But the real issue is collateral - I've seen players ask for a few hundred million and be refused because they can't cover it. And being that you don't have any history just makes it harder. Better to ask for what you can cover to start with, before you start asking for uncollaterized loans.


Zions Child
Higashikata Industries
#5 - 2011-12-01 18:18:21 UTC
I've talked to him in game a bit about this and was the poster who said to go ahead with the bond. At the moment I'm willing to risk a bill (because hey, its only a bill and lol two weekends in incursions). For what its worth, he seems trustworthy (not that that means anything in this game) just a fair bit new to MD. FWIW again, I'll be performing an audit as best I can using EWA and other things like that. No real history doing audits, but I'm not an idiot and have done quite a bit of research on them so eh. I won't reveal the name of the hub he is trading in per request, however.

INB4 cries of alt.
Gatan Hahran
Brukterer
#6 - 2011-12-01 21:32:21 UTC  |  Edited by: Gatan Hahran
EDIT: for some reason zions child insult rage rants disappeared from the thread, the following posting was directed at them:

Your choice of words does not really help to make you NOT look like an alt or scam-helper for a friend.
You seem very agressive and insulting, not like a legit MD investor or someone who would loan ISK to anyone at all.
This behaviour of insults is more common for people trying to raise 1b for 2 PLEX quickly... and this threads are standard enough here to detect them.
Eddie Laydon
Laydon Industries
#7 - 2011-12-01 21:43:11 UTC
Im always somewhat skeptical when some random guy asks for an investment and someone else claims him to be trustworthy. Im getting a feeling Beta Bank is Zios Child's alt who is looking for easy isk or rep for future scams.

Zion Child, instead of telling us how the OP seems ok why dont you tell us why you chose to invest. Is the OP a friend of yours?
Zions Child
Higashikata Industries
#8 - 2011-12-01 21:43:38 UTC
Gatan Hahran wrote:
Your choice of words does not really help to make you NOT look like an alt or scam-helper for a friend.
You seem very agressive and insulting, not like a legit MD investor or someone who would loan ISK to anyone at all.
This behaviour of insults is more common for people trying to raise 1b for 2 PLEX quickly... and this threads are standard enough here to detect them.


Believe what you wish, I honestly don't care.
Beta Bank
Dig Bicks Emporium
#9 - 2011-12-01 22:01:59 UTC
I spoke to Zion for some time before posting.

This thread is why i wanted to avoid posting really beacuse of how bitchy things get.
Im not his alt although i dont know how you want me to prove this.

Guys i can and am willing to show figures of my trading to confirm what im saying infact I ask potentital Investors to look into this.

I turn over around enough that just walking away with 2 billion is a pointless way to burn a character forever.

So to bring this to date

I have raised 50percent of my total goal of 2billion~(thank you zion)

I am looking to raise a futher billion which I will also provide a ROI of 12percent.

Please guys ONE LOVE!.
Esan Vartesa
Samarkand Financial
#10 - 2011-12-01 22:26:49 UTC
Perhaps your time would be better spent convincing your best bud Zion to just lend you the entire amount?

Because hey, its only a bill and lol two weekends in incursions.
Florestan Bronstein
Ministry of War
Amarr Empire
#11 - 2011-12-01 23:12:57 UTC  |  Edited by: Florestan Bronstein
Beta Bank wrote:
I spoke to Zion for some time before posting.

So he advised you to post this offering on MD but forgot to tell you that having a (completely unknown) investor already lined up for half the offering would destroy your chances of getting any further funding?

That much should be obvious to anyone who has spent more than two days on this forum...

People tend to behave like lemmings and "investment managers", "lottery organizers" (very nice thread about a blink ripoff in C&P btw) and similar people frequently try to exploit this trait.

It works pretty well in the Sell Orders forum but it destroys your credibility in MD which is a much smaller community where the regular "legit" investors are well-known and where unknowns/outsiders/alts arise suspicion (here you need a "big" name to show up as investor in order to attract lemmings).

The "I am going to do an audit even if nobody will believe the results" line is just sad and only does further damage to your offering.
If you have friends like that you don't need any enemies.


(maybe I really should open up a consulting business for people who want money from MD.... since all the auditors are gone, the MD elite is mostly afk, the voices of reason are widely regarded as trolls, .... we are finally getting back to a situation where a decently written offering without any additional fluff or verification can work wonders)
Beta Bank
Dig Bicks Emporium
#12 - 2011-12-01 23:42:38 UTC
Florestan Bronstein wrote:
Beta Bank wrote:
I spoke to Zion for some time before posting.

So he advised you to post this offering on MD but forgot to tell you that having a (completely unknown) investor already lined up for half the offering would destroy your chances of getting any further funding?

That much should be obvious to anyone who has spent more than two days on this forum...

People tend to behave like lemmings and "investment managers", "lottery organizers" (very nice thread about a blink ripoff in C&P btw) and similar people frequently try to exploit this trait.

It works pretty well in the Sell Orders forum but it destroys your credibility in MD which is a much smaller community where the regular "legit" investors are well-known and where unknowns/outsiders/alts arise suspicion (here you need a "big" name to show up as investor in order to attract lemmings).

The "I am going to do an audit even if nobody will believe the results" line is just sad and only does further damage to your offering.
If you have friends like that you don't need any enemies.


(maybe I really should open up a consulting business for people who want money from MD.... since all the auditors are gone, the MD elite is mostly afk, the voices of reason are widely regarded as trolls, .... we are finally getting back to a situation where a decently written offering without any additional fluff or verification can work wonders)



It actually happened exactly like that.I spoke to him in one of the channels i lurk in after he said he was a MD investor .

Obviously i didnt realise being as open as possible about my situation would effect chances of investment.

Anyways apologies if you could have done better in my situation but we do what we can.

:D

That said i have no intention of pulling the investment as I believe there are people like Zion who dont mind these types of investment.

I appreciate your input and will defiantly cut the ''additional fluff or verification'' next time
Zions Child
Higashikata Industries
#13 - 2011-12-02 00:25:17 UTC  |  Edited by: Zions Child
Florestan Bronstein wrote:
Beta Bank wrote:
I spoke to Zion for some time before posting.

So he advised you to post this offering on MD but forgot to tell you that having a (completely unknown) investor already lined up for half the offering would destroy your chances of getting any further funding?

That much should be obvious to anyone who has spent more than two days on this forum...

People tend to behave like lemmings and "investment managers", "lottery organizers" (very nice thread about a blink ripoff in C&P btw) and similar people frequently try to exploit this trait.

It works pretty well in the Sell Orders forum but it destroys your credibility in MD which is a much smaller community where the regular "legit" investors are well-known and where unknowns/outsiders/alts arise suspicion (here you need a "big" name to show up as investor in order to attract lemmings).

The "I am going to do an audit even if nobody will believe the results" line is just sad and only does further damage to your offering.
If you have friends like that you don't need any enemies.


(maybe I really should open up a consulting business for people who want money from MD.... since all the auditors are gone, the MD elite is mostly afk, the voices of reason are widely regarded as trolls, .... we are finally getting back to a situation where a decently written offering without any additional fluff or verification can work wonders)


I don't invest tens of billions, but this isn't a fantastically large sum. If this were something like a 10B, or even 5B offering I wouldn't have touched it without some sort of history. MD really needs more people like Atreyu than the fifty or so people who have giant sticks up their asses. If you think people could use IPOs, then there ought to be a somewhat more receiving community as opposed to "jump down its throat and troll it to death" reaction that seems to show up all the time.


EDIT: I'm tired and easily trolled. Anyways, I believe I found the issue, I don't actually know the person asking for the bond. We met in a channel, I mentioned something about MD and he mentioned being afraid of doing IPOs and it being hard to find lenders. We talked business in a private convo, I offered to take half the risk with the possibility of taking the full risk if MD turned trollerific, and offered to write up some form of audit. Apparently, MD doesn't like that.
Gatan Hahran
Brukterer
#14 - 2011-12-02 01:13:55 UTC  |  Edited by: Gatan Hahran
Zions Child wrote:

I don't invest tens of billions, but this isn't a fantastically large sum. If this were something like a 10B, or even 5B offering I wouldn't have touched it without some sort of history. .

If 5b is the magic number, why u dont invest the other 1b directly? Not just in a claimed what if scenario

Zions Child wrote:

MD really needs more people like Atreyu than the fifty or so people who have giant sticks up their asses.


Lets the man without the stick up his ass speak for himself:
Atreyu Bayne wrote:
Character was deleted, scam.

Oh well, no good deed goes unpunished.

However, i understand that you want more investors like him.

Zions Child wrote:

If you think people could use IPOs, then there ought to be a somewhat more receiving community as opposed to "jump down its throat and troll it to death" reaction that seems to show up all the time.

Usually trolling in MD is not only trolling but a way to test the OP. If he reacts calm, friendly and logic investors see a bigger chance that he might stand whatever the next 1-3 months are gonna do to him and pay back. If he reacts like you do, the chance is seen as a lot lower.
Zions Child
Higashikata Industries
#15 - 2011-12-02 01:25:40 UTC
Gatan Hahran wrote:

Lets the man without the stick up his ass speak for himself:
Atreyu Bayne wrote:
Character was deleted, scam.

Oh well, no good deed goes unpunished.

However, i understand that you want more investors like him.

Zions Child wrote:

If you think people could use IPOs, then there ought to be a somewhat more receiving community as opposed to "jump down its throat and troll it to death" reaction that seems to show up all the time.

Usually trolling in MD is not only trolling but a way to test the OP. If he reacts calm, friendly and logic investors see a bigger chance that he might stand whatever the next 1-3 months are gonna do to him and pay back. If he reacts like you do, the chance is seen as a lot lower.


Like I said, I'm tired and easily trolled today. I apologize for reacting negatively, I got annoyed that you believed I didn't understand opportunity cost, which I understand rather well. I do not like being confused with those awful people who build things with their "free minerals."

Anyways, Atreyu risked and lost a little. To be honest, that particular loan looked like a scam from a mile away, but many other not particularly scammy IPOs get avoided or trolled to death for no reason. I've risked a good chunk of change on multiple bonds here, including one I split with Atreyu. Its just isk, its not that important. All can be made back in time. Anyways, I offered to fund the rest of the bond if he can't find another investor because of my reaction, it is what it is. To me, a few hundred mill is nothing. I won't hand it out like candy, but if you put enough effort into appearing legitimate I say what the hey.
Ariana DeSoto
High-Tech Duct Tape
#16 - 2011-12-02 02:46:14 UTC  |  Edited by: Ariana DeSoto
Screw it. Ain't worth the troll. Carry on.

I don't always play EvE, but when I do, I prefer it to be a masochistic sandbox hell. Stay wardecked my friends.

Tom Hagen
Twilight Empire
#17 - 2011-12-04 00:32:20 UTC
Now the risk for anyone to pick this up is small (I even believe the OP have given up), but just for transparency sake.

I was in SCC channel and Beta bank said people should really learn to search the old forum, so he gave it away himself. So I don't take the credit for this just want to inform people who happen to miss click on this thread and are more careless with their ISK then most of us are.
I haven't looked into this offer before because it is just not interesting for me, but when he said that, I did a search for the fun of it. This is what I found:

http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1522397

And that leads us to this:

http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1483985


The question comes down to who is Zion child? an alt?
Gatan Hahran
Brukterer
#18 - 2011-12-04 00:42:14 UTC
Tom Hagen wrote:

The question comes down to who is Zion child? an alt?


Yeah, i cant think of any other reason why he would defend an obvious scam this furiously.
Beta Bank
Dig Bicks Emporium
#19 - 2011-12-04 18:23:51 UTC  |  Edited by: Beta Bank
Zion isnt an alt gents i scammed him of 2bil after.

The strange question is why a mod took zions posts away i found it most lolsome that he was defending me when i had talked to him about my 'business' for a total of 10minutes.

Some fall harder than others.

Good weekend 2bil taken 3 seperate times from the lovely chaps at -SCC-LOUNGE-
And also managed to hit the SOMMER BLINK MEGA BONK Winner for 8bil total.

This is after 3 months ago doing similar stuff.

I had to tell people to search for me in the end to even be caught out and although not a brilliant haul compared to the ultra scam work done by some but fairly successful considering i started to scam late Friday night.

Anyways Zion should be trolled apropreatlly for not only investing but also defending me in a such a zealot manner.
YOU DIDNT EVEN KNOW ME BRO!

Anyways thanks for the 14bil looks like the IQ of the general populous is still **** poor.
Gatan Hahran
Brukterer
#20 - 2011-12-05 07:28:10 UTC
Beta Bank wrote:
Good weekend 2bil taken 3 seperate times from the lovely chaps at -SCC-LOUNGE-

Nice proof you posted there, oh wait you didnt.
Please post it, so we can troll them in the channel.

Beta Bank wrote:
This is after 3 months ago doing similar stuff.

I had to tell people to search for me in the end to even be caught out and although not a brilliant haul compared to the ultra scam work done by some but fairly successful considering i started to scam late Friday night.

Well, usually the checking of offerings goes through several steps. The first step is 1) not looking like an obvious scam.
You already failed the first step, you may have noticed that no one in MD wanted to invest and your thread was only a playground for trolling, so there was no need to even go to a further step to check if your offer may be legit or not.

Beta Bank wrote:
Anyways thanks for the 14bil looks like the IQ of the general populous is still **** poor.

Thats true.
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