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[LOAN] 1 Billion, 3 Months, 5% per month (Possible Collateral)

Author
Sleekman
Sebiestor Tribe
Minmatar Republic
#1 - 2011-12-13 19:36:47 UTC
It's not a secret, the Genolution implants will go up in price. I am buying them, but need additional funds to buy more. This is my business plan.

Loan Amount: 1 Billion Isk
Repayment: 3 Months
Interest Repayment: At the conclusion (Otherwise I would need to hold money back since there is no liquid isk in my plan)

If you are willing to back me with no collateral, the interest rate will be 5% per month.

If you wish to have collateral, I can put up some of the current stock I have in Genolution Implants. Please state your terms and I will agree or not. Just FYI, I will not accept you saying you want 20 of them against a 1 Billion isk loan with a 4% interest rate, I'm not stupid.

I will post montly to let you know everything is alive and well.

This is my first request, I look forward to continued business in the future.
OllieNorth
Recidivists Incorporated
#2 - 2011-12-13 19:44:06 UTC
So even if the price doesn't hike significantly, you'll pay us back the 5%? Funding speculation is, well, shaky.
Sleekman
Sebiestor Tribe
Minmatar Republic
#3 - 2011-12-13 19:47:04 UTC  |  Edited by: Sleekman
If the price stays the same as current, I will pay back the 5%(Per Month) and the principal. I have about 2 Billion isk of my own in this effort, so the additional funds are not a problem.

It's a loan, what I use it for is my fault not yours.
OllieNorth
Recidivists Incorporated
#4 - 2011-12-13 20:11:27 UTC
Good answer, just checking.
DelBoy Trades
Trotter Independent Traders.
Disaster Strikes
#5 - 2011-12-14 01:08:01 UTC
So, if you're right about the price increase, we trust a complete stranger with 1 billion to buy the implants to get 15.8% (off the top of my head) interest if you decide to repay. OR, we could buy them ourselves and take all the profit...Tricky one.

Damn nature, you scary!

Sleekman
Sebiestor Tribe
Minmatar Republic
#6 - 2011-12-14 02:05:12 UTC
Obviously you do not understand investing.

My time will be used in obtaining 1 billion worth of implants, it's not like you can just put a single buy order up for that quantity. For you, it's a simple transfer, with a cash payout in three months. For me, it's hours of work.
Skarned
Inroads
#7 - 2011-12-14 02:12:33 UTC
DelBoy Trades wrote:
So, if you're right about the price increase, we trust a complete stranger with 1 billion to buy the implants to get 15.8% (off the top of my head) interest if you decide to repay. OR, we could buy them ourselves and take all the profit...Tricky one.


Effort. No thanks.
Sleekman
Sebiestor Tribe
Minmatar Republic
#8 - 2011-12-14 05:38:01 UTC
Still no bites though. Do I need to increase the reward based on the risk?
Anyone have any other suggestions?
Kharthis Jian
Republic Military School
Minmatar Republic
#9 - 2011-12-14 07:39:29 UTC
Private loans between trusted people are usually 10-20% a month minimum. Trusting some nobody with isk for 5%? laughable.
DelBoy Trades
Trotter Independent Traders.
Disaster Strikes
#10 - 2011-12-14 12:23:11 UTC
Sleekman wrote:
Obviously you do not understand investing.

My time will be used in obtaining 1 billion worth of implants, it's not like you can just put a single buy order up for that quantity. For you, it's a simple transfer, with a cash payout in three months. For me, it's hours of work.


You're right, putting up buy orders and buying them off alliance buddies who want instant isk is hours of work. My guess, Skarned is an alt of yours (or not, but regardless) this is a scam.

Damn nature, you scary!

De Guillaume
THORN Syndicate
Northern Coalition.
#11 - 2011-12-14 13:53:53 UTC
3 month for 15%- which is 150m isk

even if not a scam, seems a waste of time. there is better ways to make 150m isk in 2 days, why wait 3 months

Has you ever went so far as chose to go even use want to look more like do?

Sleekman
Sebiestor Tribe
Minmatar Republic
#12 - 2011-12-14 14:41:48 UTC
I'm not in an alliance. O-well.

Nobody has even asked for collateral, which I mentioned I'm more than happy to put up.
Esan Vartesa
Samarkand Financial
#13 - 2011-12-14 15:53:59 UTC
At 100% collateral, I'll fund the whole thing.

Further, I'll offer you the option to swap the collateral back for my holding the implants for the 3-month duration.

Also, if you elect to exercise the above option I'll give you an escape clause, where if you decide to keep my investment capital (excluding interest) and leave me at the altar with the implants, you're free to do so with no damage to your reputation. This shifts the risk of the implants losing value from you to me.

This offer is valid for 24 hours.
OllieNorth
Recidivists Incorporated
#14 - 2011-12-14 15:54:19 UTC
Unfortunately, it just doesn't have much bite. Although the terms seem reasonable, it's a lot of isk to put up just to pay you to buy stuff for us.
Sleekman
Sebiestor Tribe
Minmatar Republic
#15 - 2011-12-14 16:34:29 UTC
Esan, what valuation would I get for existing stock if I am using it as collateral?
Are you willing to go with current market price?
Also, are you willing to do this through a third party (they hold the stock)?
Miss Margin
Deep Core Mining Inc.
Caldari State
#16 - 2011-12-14 17:14:06 UTC
What an interesting little situation.

If I loan you 500M isk and you give me the implants as collateral and the implants go up more than 5% what prevents me from just selling the implants and making the profit you would have been making? If the price drops, what prevents you from writing off the now depreciated collateral?

In the latter case you would effectively be making me take the risk for a tiny fraction of the profit.

As others have said, it's probably safer for someone to just invest in the implants themselves though that takes the effort of actually going on contracts and buying them.

As an aside, I've been watching them as well and the price has been rising steadily.

**This character is for Sale, pure trade skills. ** https://forums.eveonline.com/default.aspx?g=posts&m=517979#post517979

Sleekman
Sebiestor Tribe
Minmatar Republic
#17 - 2011-12-14 17:33:17 UTC
That's why I plan on having the Collateral with a third party. So you can't run off with it unless I don't pay.

What stops anyone who asks for a Loan from walking off with the money and letting you keep the collateral? That's the whole point of collateral. It gives you less risk because it will be worth at least some part of the Loan. Risk vs Reward is how the whole investing thing works, not just for eve, but for the ENTIRE WORLD.

Do you people even invest at all? It seems to me like you do not understand how this whole process works.
Tom Hagen
Twilight Empire
#18 - 2011-12-14 20:28:24 UTC
How wonderful!

A nobody comes to MD and asking us to trust him with our ISK, a 5% offer at no collateral (have you even read the forum before posting), and he comes with an attitude.
Most of these people who would be able to invest in this probably can afford to lose a billion in this endeavor, apparently something you cant.
The same people probably have more to lose in running away with your small time ISK, after all it would be hard to be able to lend someone ISK and be trustworthy if you have a reputation of running away with the collateral if you can earn something on it.

No we don't invest much, since the loans\bonds that tends to pop up in here now a days has such poor reward versus risk.
just look at this offer:
[url]https://forums.eveonline.com/default.aspx?g=posts&t=46077[/url]


It seems to be you don't understand how this whole process works. P


Lauren Hellfury
Super Happy Awesome Fun Times
#19 - 2011-12-14 20:50:47 UTC
On the contrary people understand how this works all too well.

If you do want a third party then I will offer my services with the following terms:

1) I will hold 25 Genolution implants (CA-1/2) against a loan of 1B. This represents a valuation of 40m per unit.
2) Items must be in a station that can be reached via contiguous high-sec from Jita.
3) I will receive a payment of 50M for this service.
4) A default will occur if an interest payment or the return of capital is missed by more than 3 days (72 hours)
5) Items held will be returned in the same station and condition upon public confirmation of receipt of capital and final interest from the investors.
6) In the event of a dispute I will require perform an API check on the Investee (Sleekman) to establish if such payments have been made.
7) In the event of a default I will sell the items and return the proceeds (up to the level of the capital invested). Any excess will be kept by myself as remuneration for selling and closing things down.


It will be up to you to agree the interest rate with your investors as I couldn't give a stuff. Smile

Help rid New Eden of T2 BPOs: ** https://forums.eveonline.com/default.aspx?g=posts&t=62797 **The Full Pocket Aggro blog:  http://fullpocketaggro.blogspot.com/ **Now showing: **Margin Trading Scams

Sleekman
Sebiestor Tribe
Minmatar Republic
#20 - 2011-12-14 22:50:20 UTC
In real life terms, a 5% montly interest rate is 60%APR. Just pointing out that technically that makes it a CRIMINAL act according to the Canadian Criminal Code - http://laws-lois.justice.gc.ca/eng/acts/C-46/page-160.html#h-98

Not enough reward my ass considering I'm offering to fully collateralize it with a trusted third party.

Tom, You may notice that nobody has counter offered me in any way shape or form with an acceptable amount.
If you are interested in funding, say so, and state your terms. If you are not interested, stop clogging this thread.
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