These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Second Bond - 12% uncollat. - 2bil - filled
Author
Previous Topic Next Topic
BornToDieAnotherDay
Tarazed Technology
#1 - 2011-09-11 21:42:59 UTC  |  Edited by: BornToDieAnotherDay
Collaterised Expansion: See second post.

Simply recreating the thread from the old forums;

First Bond: http://www.eveonline.com/iNgameboard.asp?a=topic&threadID=1560621
Second Bond (this one, old forums): http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1572778

Overview of Me:
Current Estimated NAV: 2.3bil - conservative, includes sell orders, escrow, cash on hand and materials idle/in production.
Characters:
SkuxNZ (main, currently inactive due to limited play time)
BornToDieAnotherDay (main industry/trade character)
Thoraxacon (Secondary industry character)
New alt trade character (Entirely new account, name withheld, released on request to investors + full API)

What I'm going to do:
During my recently finished bond I streamlined production and re-organised, and have since been able to keep all production slots on Born operating at near-max capacity (I only do approx 20~ hour cycles so I have time to buy more mats/haul). This occurred when I hit around the 2bil mark in NAV, allowing me to keep 3 sets of mats running (third in sell orders, third in production, third in buy orders/waiting to be sold).

As such I plan to use 1.5bil replicating the operation (albeit slightly scaled down) in a second new trade hub. Thoraxacon and my undisclosed trade character will manage this new hub, while Born will continue to solely operate in my current hub.

The remaining 500 mil will be used in a side project I'd rather not discuss openly on the forums, however will happily disclose to investors the details and plan if requested.

The Actual Bond:
Total: 2bil
Minimum Investment: 500mil (with the exception that if for some reason there is less than 500mil remaining to be filled this will be changed)
Duration: From start date until Oct 9th. Interest will be prorated (12 perc./month) with a minimum of 12 perc. paid.
Early Withdrawal: One week notice, and under the condition of receiving no interest.

Note: The actual bond will start once 1.5 bil is reached, and the additional 500mil is not required to start.

FAQ:
"Audit?" - Again, there isn't really an auditing service available at the moment, however if the investor can organise it I will provide my full API to a trusted party for fact checking/auditing, funded by the investor/s. If I think you're likely to invest I will also provide you with my full API keys upon request.

"That's a big jump from 750 mil to 2 bil" - Indeed it is. There's not much I can say here really. Having only half the amount requested would slow start up significantly, requiring me to wait until I could raise those funds myself. If it's too much for you, then that's understandable.

"Collateral?" - No sorry. I would be lucky to pull together a few hundred mil worth of assets (including BPOs), let alone enough to cover this.

"Why not use your second character in your current hub?" - There is little room for expansion without risking damage to the market (flooding it etc). Also saves time and effort from having to find a new production process.

"Why the exact end date?" - My exams actually start a week after that, and I won't have the time available to keep everything running, nor can I have the distraction.

"What about the new forums?" - While I'm not sure exactly how that will affect these forums, I have a copy of this post saved on my computer.

TL;DR - Title, 12 percent/month, prorated if it goes longer (only a few days).

Investor List:
- Tom Hagen (1b)
- Junnichi Asakura (1b)

Update so far:
Only 10 days in but seen as how I'm writing this I'll just leave a quick update. After running the second hub for a week I've decided to withdraw, and instead working on expanding my range in the first hub. The time involved to switch accounts/characters for updating orders in two places took a lot more time than expected, and also reduced how competitive I was in the initial hub.

However the majority of the 2bil is still being put to work, although primarily to make my life easier. Expect no delays in the return of your money gentlemen =).
BornToDieAnotherDay
Tarazed Technology
#2 - 2011-09-18 23:40:36 UTC  |  Edited by: BornToDieAnotherDay
Collaterised Expansion:

After having failed to contact both my current investors, I am now bringing this offer to MD.

Details
Amount: 400mil
Collat: ME22 Drake BPO
6%/month
Term: Undetermined (1-3 months)
Withdrawal at any time, no penalty

Additional Notes
1) I currently have another 1.6b (approx.) worth of BPOs in research with a research corp. Their method of collateral has allowed me to keep the NPC cost of the BPOs while they research them, however when they finish (around 45 days) I may not be able to fully use them. As such they will be offered initially as an extension to the person to fill this loan at the same interest rate. However I may not offer any extension at all.

2) If you are willing to loan me more than 400mil on the single BPO I will accept what you offer, however the interest rate will not change, and I will not accept more than 800 mil.

FAQ

"The BPO doesn't cover the loan amount?!" - I am aware of this, however I'm personally a fan of round numbers. If the bond doesn't get filled at 400mil, I will drop the asking amount to below NPC cost.

"If you already have a 2b loan why do you need more?" - I bought this BPO off what I saw as a good deal, however as I currently lack the resources to use it properly it's just sitting idle in my hanger. As for why I need more isk, I'm not in any particularly great need, however I have plenty of places where I could use the isk, be it to simply make my life easier or to earn more profit. It takes money to make money.

"API Key?" - Will provide my API if requested, however given that this is collaterised and with the new API keys released I will restrict a fair amount of information, to be negotiated if the investor desires an API.

@Tom/Junnichi
Apologies to you both for not waiting a reply, however I feel I gave adequate time to respond (3-4 days) and want to get this out there sooner rather than later. Whilst I can't see a reason for any problems, if either of you have any concerns please contact me, either here or ingame.

EDIT: Filled by Tom Hagen 19th Sept, 400mil @ 6%/month
Tom Hagen
Twilight Empire
#3 - 2011-09-19 06:51:42 UTC
Hello Born,

Sorry for not answering but I have been busy with IRL-stuff.

Anyhow, the offer looks interesting, I'll cover the full 400M @ 6%.

o/
BornToDieAnotherDay
Tarazed Technology
#4 - 2011-09-19 10:57:11 UTC  |  Edited by: BornToDieAnotherDay
Just got back when the servers went down, will contract tomorrow sometime Tom, thanks for filling it =)

EDIT: Contract up
Tom Hagen
Twilight Empire
#5 - 2011-09-19 20:09:58 UTC
Contract accepted - collateral received

ISK sent! GLHF!
Junnichi Asakura
Royal Amarr Institute
Amarr Empire
#6 - 2011-09-27 12:03:29 UTC
Hey, sorry for not replying sooner but the combination of my week long Stag Do in Lanzarote and moving house and needing a new interweb connection has contrived against me!

Whilst i've obviously missed the boat on the 400m expansion I'd just like to add that i will purchase 200m of Tom's addition should he want to spread this extra 'risk' out between fellow investors! if not, then fair enough! Big smile
Red Teufel
Calamitous-Intent
#7 - 2011-09-27 15:29:06 UTC
lies all lies.
BornToDieAnotherDay
Tarazed Technology
#8 - 2011-10-01 10:14:04 UTC
Bond has been repaid.
1 bil + 120 mil interest paid to Junnichi Asakura
1 bil + 120 mil interest paid to Tom Hagen

Current Outstanding Public Debt:

400m to Tom Hagen collaterised.


Thanks for your support boys =).
Junnichi Asakura
Royal Amarr Institute
Amarr Empire
#9 - 2011-10-02 06:43:27 UTC
Funds received as expected. Pleasure doing business with you!
IS
Tom Hagen
Twilight Empire
#10 - 2011-10-02 15:46:51 UTC
Isk Received, thank you!